Ashton Thomas Private Wealth LLC Increases Stock Position in Harmony Gold Mining Company Limited $HMY

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 43.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 343,243 shares of the mining company’s stock after buying an additional 103,150 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Harmony Gold Mining were worth $4,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HMY. GAMMA Investing LLC lifted its holdings in shares of Harmony Gold Mining by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after acquiring an additional 866 shares in the last quarter. Spire Wealth Management acquired a new position in Harmony Gold Mining in the 1st quarter worth $33,000. Ativo Capital Management LLC acquired a new position in Harmony Gold Mining in the 1st quarter worth $1,885,000. Bank of New York Mellon Corp lifted its holdings in Harmony Gold Mining by 69.6% in the 1st 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 in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Harmony Gold Mining by 3.8% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 5.7%

Shares of NYSE:HMY opened at $16.49 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. 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 50 day moving average price of $16.76 and a 200 day moving average price of $15.65.

Harmony Gold Mining Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were given a $0.0893 dividend. The ex-dividend date was Friday, October 10th. This represents a yield of 98.0%.

Wall Street Analyst Weigh In

HMY has been the topic of a number of recent analyst reports. 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 raised shares of Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. BMO Capital Markets initiated coverage on shares of Harmony Gold Mining in a research report on Thursday, July 17th. They set a “market perform” rating and a $16.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Harmony Gold Mining presently has a consensus rating of “Hold” and a consensus price target of $12.20.

About Harmony Gold Mining

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.