Private Advisor Group LLC Reduces Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Private Advisor Group LLC lowered its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,050 shares of the mining company’s stock after selling 2,066 shares during the period. Private Advisor Group LLC’s holdings in Harmony Gold Mining were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Veracity Capital LLC boosted its position in Harmony Gold Mining by 7.9% in the third 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. boosted its position in Harmony Gold Mining by 159.4% in the third 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 during the last quarter. Creative Planning boosted its position in Harmony Gold Mining by 3.6% in the third quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after buying an additional 2,061 shares during the last quarter. Ritholtz Wealth Management boosted its position in Harmony Gold Mining by 44.1% in the third quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock valued at $1,768,000 after buying an additional 53,244 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in Harmony Gold Mining by 22.6% in the third quarter. Atomi Financial Group Inc. now owns 21,902 shares of the mining company’s stock valued at $223,000 after buying an additional 4,042 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HMY shares. 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 research report on Thursday, October 10th. Bank of America started coverage on Harmony Gold Mining in a research report on Monday, October 21st. They issued a “neutral” rating on the stock.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $10.33 on Friday. 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 12 month low of $4.42 and a 12 month high of $12.29. The stock’s 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $9.67.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a $0.042 dividend. The ex-dividend date was Friday, October 11th. This represents a 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.