Thrivent Financial for Lutherans Acquires Shares of 124,468 Harmony Gold Mining Company Limited (NYSE:HMY)

Thrivent Financial for Lutherans bought a new position in Harmony Gold Mining Company Limited (NYSE:HMY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 124,468 shares of the mining company’s stock, valued at approximately $1,141,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in Harmony Gold Mining by 30.0% in the first 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 period. Tidal Investments LLC purchased a new stake in shares of Harmony Gold Mining in the 1st quarter worth approximately $59,033,000. Lazard Asset Management LLC bought a new position in Harmony Gold Mining during the 1st quarter valued at approximately $8,171,000. Acadian Asset Management LLC raised its stake in Harmony Gold Mining by 111.5% during 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 buying an additional 977,142 shares during the last quarter. Finally, Wellington Management Group LLP bought a new stake in Harmony Gold Mining in the fourth quarter worth $4,667,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price target on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, July 3rd.

Harmony Gold Mining Price Performance

Shares of NYSE HMY opened at $9.85 on Friday. The company has a 50 day moving average of $9.89 and a 200 day moving average of $9.30. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a twelve month low of $3.65 and a twelve month high of $11.37. The firm has a market cap of $6.23 billion, a P/E ratio of 8.42 and a beta of 1.79.

Harmony Gold Mining Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining’s payout ratio is currently 6.84%.

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.