Freedom Investment Management Inc. Has $562,000 Holdings in Harmony Gold Mining Company Limited $HMY

Freedom Investment Management Inc. decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,239 shares of the mining company’s stock after selling 8,219 shares during the quarter. Freedom Investment Management Inc.’s holdings in Harmony Gold Mining were worth $562,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Harmony Gold Mining by 11.1% during the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock worth $128,000 after buying an additional 866 shares during the last quarter. Spire Wealth Management bought a new position in Harmony Gold Mining during the first quarter worth $33,000. Ativo Capital Management LLC bought a new position in Harmony Gold Mining during the first quarter worth $1,885,000. Bank of New York Mellon Corp raised its stake in Harmony Gold Mining by 69.6% during the first quarter. Bank of New York Mellon Corp now owns 48,257 shares of the mining company’s stock worth $713,000 after buying an additional 19,801 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Harmony Gold Mining by 3.8% during the first quarter. Envestnet Asset Management Inc. now owns 159,728 shares of the mining company’s stock worth $2,359,000 after buying an additional 5,826 shares during the last quarter. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Stock Down 2.3%

Shares of NYSE HMY opened at $17.47 on Friday. The stock has a market capitalization of $11.12 billion, a P/E ratio of 10.33 and a beta of 0.79. The company has a 50-day moving average price of $16.74 and a 200-day moving average price of $15.63. 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 company also recently declared a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were given a dividend of $0.0893 per share. This represents a dividend yield of 98.0%. The ex-dividend date of this dividend was Friday, October 10th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 8.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HMY shares. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Investec upgraded shares of Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Saturday. Zacks Research cut shares of Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. Finally, HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.20.

Harmony Gold Mining Company 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.