Beverly Hills Private Wealth LLC Cuts Position in Harmony Gold Mining Company Limited $HMY

Beverly Hills Private Wealth LLC decreased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,594 shares of the mining company’s stock after selling 1,397 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Harmony Gold Mining were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Jump Financial LLC increased its position in Harmony Gold Mining by 2,655.3% in the first quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock worth $8,649,000 after purchasing an additional 564,354 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Harmony Gold Mining by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock worth $128,000 after buying an additional 866 shares in the last quarter. Walleye Capital LLC increased its holdings in shares of Harmony Gold Mining by 103.6% in the 1st quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock worth $3,607,000 after buying an additional 124,287 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Harmony Gold Mining by 30.7% during the 1st quarter. Russell Investments Group Ltd. now owns 467,378 shares of the mining company’s stock valued at $6,571,000 after buying an additional 109,873 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Harmony Gold Mining by 56.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 281,313 shares of the mining company’s stock valued at $4,155,000 after buying an additional 101,240 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 11.1%

Shares of NYSE:HMY opened at $17.97 on Wednesday. The firm has a market capitalization of $11.44 billion, a PE ratio of 10.63 and a beta of 0.79. The business has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $15.53. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $22.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41.

Harmony Gold Mining Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were given a $0.0893 dividend. This represents a yield of 98.0%. The ex-dividend date of this dividend was Friday, October 10th. Harmony Gold Mining’s dividend payout ratio is 8.28%.

Wall Street Analyst Weigh In

HMY has been the subject of several recent research reports. BMO Capital Markets initiated coverage on Harmony Gold Mining in a research report on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Investec raised Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. Zacks Research lowered Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.20.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.