GAMMA Investing LLC Purchases 1,003 Shares of Harmony Gold Mining Company Limited $HMY

GAMMA Investing LLC increased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,692 shares of the mining company’s stock after buying an additional 1,003 shares during the quarter. GAMMA Investing LLC’s holdings in Harmony Gold Mining were worth $135,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management bought a new position in Harmony Gold Mining in the first quarter valued at approximately $33,000. Parallel Advisors LLC grew its stake in Harmony Gold Mining by 71.4% in the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company’s stock valued at $70,000 after purchasing an additional 1,961 shares in the last quarter. Brooklyn Investment Group grew its stake in Harmony Gold Mining by 165,766.7% in the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company’s stock valued at $73,000 after purchasing an additional 4,973 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Harmony Gold Mining in the first quarter valued at approximately $110,000. Finally, LaSalle St. Investment Advisors LLC bought a new position in Harmony Gold Mining in the first quarter valued at approximately $177,000. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $18.15 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $18.77. The stock has a 50 day moving average of $15.29 and a 200-day moving average of $14.92. The company has a market capitalization of $11.52 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.15 and a beta of 0.80.

Harmony Gold Mining Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.0893 per share. This represents a dividend yield of 120.0%. The ex-dividend date is Friday, October 10th. Harmony Gold Mining’s payout ratio is currently 11.24%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Zacks Research downgraded Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. BMO Capital Markets assumed coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Harmony Gold Mining currently has a consensus rating of “Reduce” and a consensus target price of $12.20.

About Harmony Gold Mining

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.