Assenagon Asset Management S.A. Buys New Position in Harmony Gold Mining Company Limited $HMY

Assenagon Asset Management S.A. purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 896,078 shares of the mining company’s stock, valued at approximately $17,832,000. Assenagon Asset Management S.A. owned 0.14% of Harmony Gold Mining as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shilanski & Associates Inc. grew its stake in shares of Harmony Gold Mining by 3.0% during the 3rd quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock worth $416,000 after purchasing an additional 670 shares during the period. Signaturefd LLC boosted its holdings in Harmony Gold Mining by 5.6% during the third quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock worth $296,000 after buying an additional 867 shares in the last quarter. Compound Planning Inc. grew its position in Harmony Gold Mining by 3.5% during the third quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after buying an additional 913 shares during the period. GAMMA Investing LLC increased its holdings in Harmony Gold Mining by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 11,221 shares of the mining company’s stock valued at $223,000 after buying an additional 1,182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Harmony Gold Mining by 13.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock valued at $147,000 after acquiring an additional 1,280 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $13.94 on Friday. Harmony Gold Mining Company Limited has a fifty-two week low of $12.56 and a fifty-two week high of $26.06. The stock has a fifty day moving average of $19.87 and a two-hundred day moving average of $19.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Harmony Gold Mining Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a $0.3124 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a yield of 430.0%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HMY. Wall Street Zen downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Harmony Gold Mining presently has an average rating of “Moderate Buy” and an average price target of $16.00.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.