Eschler Asset Management LLP Has $1.41 Million Holdings in Harmony Gold Mining Company Limited $HMY

Eschler Asset Management LLP increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 507.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,596 shares of the mining company’s stock after buying an additional 58,978 shares during the quarter. Harmony Gold Mining makes up 0.9% of Eschler Asset Management LLP’s holdings, making the stock its 21st biggest position. Eschler Asset Management LLP’s holdings in Harmony Gold Mining were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at approximately $1,123,000. Assenagon Asset Management S.A. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at approximately $17,832,000. Aquatic Capital Management LLC boosted its holdings in shares of Harmony Gold Mining by 78.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock valued at $6,034,000 after buying an additional 146,459 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at approximately $6,939,000. Finally, ABC Arbitrage SA boosted its holdings in shares of Harmony Gold Mining by 143.6% in the 4th quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock valued at $49,529,000 after buying an additional 1,467,370 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Trading Up 4.2%

Shares of Harmony Gold Mining stock opened at $15.84 on Friday. The business has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $18.77. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Harmony Gold Mining Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were given a dividend of $0.3124 per share. The ex-dividend date was Friday, April 24th. This represents a yield of 372.0%.

Wall Street Analyst Weigh In

HMY has been the subject of several research reports. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harmony Gold Mining has a consensus rating of “Moderate Buy” and an average price target of $16.00.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.