Wrapmanager Inc. Sells 4,336 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Wrapmanager Inc. lessened its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 17.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,461 shares of the mining company’s stock after selling 4,336 shares during the quarter. Wrapmanager Inc.’s holdings in Harmony Gold Mining were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HMY. Van ECK Associates Corp boosted its stake in Harmony Gold Mining by 3.3% in the third quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock worth $700,663,000 after buying an additional 2,206,537 shares in the last quarter. Tidal Investments LLC bought a new stake in Harmony Gold Mining in the first quarter worth $59,033,000. Acadian Asset Management LLC lifted its stake in 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 worth $16,978,000 after purchasing an additional 977,142 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Harmony Gold Mining by 63.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after acquiring an additional 609,971 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Harmony Gold Mining during the 1st quarter valued at about $8,171,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY stock opened at $9.61 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a 1 year low of $5.40 and a 1 year high of $12.29. The firm has a 50-day moving average of $10.28 and a 200 day moving average of $9.70.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a dividend yield of 1.2%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Bank of America initiated coverage on Harmony Gold Mining in a research report on Monday, October 21st. They issued a “neutral” rating on the stock.

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.