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

Beverly Hills Private Wealth LLC trimmed its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,594 shares of the mining company’s stock after selling 1,397 shares during the period. 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 added to or reduced their stakes in the company. Jump Financial LLC raised its stake in shares of Harmony Gold Mining by 2,655.3% during the first quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock valued at $8,649,000 after acquiring an additional 564,354 shares in the last quarter. GAMMA Investing LLC grew its stake in Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock worth $128,000 after purchasing an additional 866 shares in the last quarter. Walleye Capital LLC grew its stake in Harmony Gold Mining by 103.6% in the first quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock worth $3,607,000 after purchasing an additional 124,287 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in 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 worth $6,571,000 after purchasing an additional 109,873 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in 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 purchasing an additional 101,240 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Price Performance

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 company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The business’s 50-day moving average is $16.60 and its two-hundred day moving average is $15.53. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $22.25.

Harmony Gold Mining Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HMY. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Zacks Research lowered shares of Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. Finally, Investec raised shares of Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.