Harmony Gold Mining Company Limited $HMY Stake Trimmed by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lessened its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 87.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,882 shares of the mining company’s stock after selling 107,683 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Harmony Gold Mining were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of Harmony Gold Mining by 48.2% in the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock worth $105,916,000 after acquiring an additional 1,910,028 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. Amundi boosted its stake in Harmony Gold Mining by 21.5% in the 3rd quarter. Amundi now owns 2,879,407 shares of the mining company’s stock worth $53,355,000 after purchasing an additional 509,434 shares during the period. Millennium Management LLC boosted its stake in Harmony Gold Mining by 21.0% in the 3rd quarter. Millennium Management LLC now owns 2,745,171 shares of the mining company’s stock worth $49,825,000 after purchasing an additional 476,356 shares during the period. Finally, Lazard Asset Management LLC grew its position in Harmony Gold Mining by 29.7% during the 3rd quarter. Lazard Asset Management LLC now owns 2,310,677 shares of the mining company’s stock worth $41,939,000 after purchasing an additional 528,597 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Price Performance

Shares of HMY opened at $15.57 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average price is $17.16 and its 200 day moving average price is $18.90. Harmony Gold Mining Company Limited has a 52 week low of $12.58 and a 52 week high of $26.06.

Harmony Gold Mining Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.3124 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a dividend yield of 372.0%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Zacks Research downgraded Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Company 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.