Blue Trust Inc. Buys 24,592 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Blue Trust Inc. raised its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 159.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,022 shares of the mining company’s stock after purchasing an additional 24,592 shares during the period. Blue Trust Inc.’s holdings in Harmony Gold Mining were worth $407,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC lifted its position in Harmony Gold Mining by 5.0% during the second quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock valued at $265,000 after purchasing an additional 1,378 shares during the last quarter. Creative Planning lifted its holdings in shares of Harmony Gold Mining by 3.6% during the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock worth $607,000 after acquiring an additional 2,061 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after acquiring an additional 2,377 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Harmony Gold Mining by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock valued at $178,000 after acquiring an additional 2,611 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in Harmony Gold Mining by 19.7% during the first quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock valued at $139,000 after purchasing an additional 2,801 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of NYSE:HMY opened at $11.51 on Thursday. The company’s fifty day moving average is $10.19 and its 200 day moving average is $9.52. 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 52 week low of $4.42 and a 52 week high of $12.29. The stock has a market cap of $7.28 billion, a PE ratio of 8.28 and a beta of 1.79.

Harmony Gold Mining Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were paid a $0.042 dividend. 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 5.76%.

Wall Street Analyst Weigh In

HMY has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Harmony Gold Mining from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $4.90 to $8.20 in a report on Thursday, October 10th. Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday. They issued a “neutral” rating for the company.

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.