Harmony Gold Mining Company Limited (NYSE:HMY) Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC increased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 5.0% during the second quarter, HoldingsChannel.com reports. The fund owned 28,916 shares of the mining company’s stock after acquiring an additional 1,378 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Harmony Gold Mining were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Harmony Gold Mining during the second quarter worth $41,000. St. Johns Investment Management Company LLC acquired a new position in shares of Harmony Gold Mining in the first quarter worth $52,000. GAMMA Investing LLC lifted its position in shares of Harmony Gold Mining by 29.2% in the first quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock valued at $54,000 after acquiring an additional 1,496 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $77,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target 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 Trading Up 2.9 %

HMY stock opened at $9.80 on Friday. The stock’s fifty day simple moving average is $9.65 and its 200-day simple moving average is $8.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining Company Limited has a 52-week low of $3.51 and a 52-week high of $11.37.

Harmony Gold Mining Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be issued a $0.042 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a dividend yield of 1.2%.

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.