International Assets Investment Management LLC Takes Position in Harmony Gold Mining Company Limited (NYSE:HMY)

International Assets Investment Management LLC acquired a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,529 shares of the mining company’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Veracity Capital LLC boosted its holdings in shares of Harmony Gold Mining by 7.9% in the 3rd quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock valued at $140,000 after buying an additional 1,003 shares during the last quarter. Blue Trust Inc. grew its holdings in Harmony Gold Mining by 159.4% in the 3rd quarter. Blue Trust Inc. now owns 40,022 shares of the mining company’s stock valued at $407,000 after buying an additional 24,592 shares in the last quarter. Creative Planning boosted its holdings in Harmony Gold Mining by 3.6% in the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after purchasing an additional 2,061 shares during the period. Ritholtz Wealth Management lifted its position in shares of Harmony Gold Mining by 44.1% during the 3rd quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock valued at $1,768,000 after acquiring an additional 53,244 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in Harmony Gold Mining by 22.6% during the third quarter. Atomi Financial Group Inc. now owns 21,902 shares of the mining company’s stock worth $223,000 after purchasing an additional 4,042 shares during the period. Institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on HMY. Bank of America initiated coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $4.90 to $8.20 in a report on Thursday, October 10th.

Harmony Gold Mining Stock Down 0.2 %

Shares of HMY opened at $10.55 on Tuesday. Harmony Gold Mining Company Limited has a 1 year low of $4.42 and a 1 year high of $12.29. 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 stock has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $9.64. The firm has a market cap of $6.70 billion, a P/E ratio of 7.70, a P/E/G ratio of 0.51 and a beta of 1.77.

Harmony Gold Mining Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 5.84%.

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.