Harmony Gold Mining Company Limited (NYSE:HMY) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 63.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,567,543 shares of the mining company’s stock after acquiring an additional 609,971 shares during the period. AQR Capital Management LLC owned about 0.25% of Harmony Gold Mining worth $14,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Harmony Gold Mining by 30.0% during the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after purchasing an additional 17,298,604 shares during the last quarter. Polunin Capital Partners Ltd raised its holdings in shares of Harmony Gold Mining by 10.0% in the first quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock worth $90,553,000 after acquiring an additional 1,005,685 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Harmony Gold Mining in the first quarter worth $59,033,000. Acadian Asset Management LLC lifted its position in shares of Harmony Gold Mining by 111.5% in the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after acquiring an additional 977,142 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $8,171,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $10.84 on Wednesday. The firm has a market capitalization of $6.86 billion, a PE ratio of 9.26 and a beta of 1.78. Harmony Gold Mining Company Limited has a 12 month low of $3.51 and a 12 month high of $11.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The business has a 50-day moving average of $9.81 and a two-hundred day moving average of $9.26.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be given a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 6.84%.

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.