U S Global Investors Inc. Cuts Holdings in Harmony Gold Mining Company Limited $HMY

U S Global Investors Inc. decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 13.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,409 shares of the mining company’s stock after selling 40,388 shares during the period. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $5,302,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HMY. Advisory Services Network LLC purchased a new position in shares of Harmony Gold Mining during the third quarter valued at about $25,000. Assetmark Inc. grew its position in shares of Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after purchasing an additional 1,579 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Harmony Gold Mining by 181.8% during the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after purchasing an additional 1,789 shares in the last quarter. Bayforest Capital Ltd grew its position in shares of Harmony Gold Mining by 973.7% during the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after purchasing an additional 4,333 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Harmony Gold Mining by 22.1% during the second quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company’s stock valued at $104,000 after purchasing an additional 1,346 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Harmony Gold Mining currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Trading Down 3.3%

NYSE HMY opened at $16.54 on Friday. The company’s 50-day simple moving average is $17.61 and its two-hundred day simple moving average is $18.99. Harmony Gold Mining Company Limited has a one year low of $12.58 and a one year high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Harmony Gold Mining Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a $0.3124 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a yield of 378.0%.

Harmony Gold Mining Profile

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.