Harmony Gold Mining Company Limited $HMY Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. cut its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 13.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 266,409 shares of the mining company’s stock after selling 40,388 shares during the quarter. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $5,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Harmony Gold Mining during the third quarter valued at $25,000. Assetmark Inc. grew its holdings in shares of Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after buying an additional 1,579 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Harmony Gold Mining by 181.8% during the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after buying an additional 1,789 shares during the last quarter. Bayforest Capital Ltd grew its holdings in shares of Harmony Gold Mining by 973.7% during the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after buying an additional 4,333 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Harmony Gold Mining by 22.1% during the second quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company’s stock valued at $104,000 after buying an additional 1,346 shares during the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Finally, Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Down 3.3%

HMY stock opened at $16.54 on Friday. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. The company’s 50-day simple moving average is $17.61 and its 200-day simple moving average is $18.99.

Harmony Gold Mining Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be issued a $0.3124 dividend. The ex-dividend date is Friday, April 24th. This represents a yield of 378.0%.

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.