Harmony Gold Mining Company Limited (NYSE:HMY) is Lingotto Investment Management LLP’s 6th Largest Position

Lingotto Investment Management LLP cut its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,981,611 shares of the mining company’s stock after selling 1,190,436 shares during the quarter. Harmony Gold Mining makes up 6.8% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 6th largest holding. Lingotto Investment Management LLP owned 3.47% of Harmony Gold Mining worth $201,571,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Harmony Gold Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,238,873 shares of the mining company’s stock worth $50,668,000 after purchasing an additional 42,126 shares during the period. Trexquant Investment LP purchased a new stake in Harmony Gold Mining during the fourth quarter valued at $1,721,000. Qtron Investments LLC increased its position in Harmony Gold Mining by 14.1% during the fourth quarter. Qtron Investments LLC now owns 211,742 shares of the mining company’s stock valued at $1,302,000 after acquiring an additional 26,236 shares during the last quarter. Cloverfields Capital Group LP purchased a new stake in Harmony Gold Mining in the fourth quarter worth about $845,000. Finally, Campbell & CO Investment Adviser LLC increased its position in Harmony Gold Mining by 23.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 75,654 shares of the mining company’s stock worth $465,000 after buying an additional 14,141 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, July 3rd.

Harmony Gold Mining Stock Down 0.0 %

Shares of HMY stock opened at $10.08 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock’s fifty day moving average price is $9.67 and its 200 day moving average price is $9.04. Harmony Gold Mining Company Limited has a 1-year low of $3.51 and a 1-year high of $11.37.

Harmony Gold Mining Cuts Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.042 per share. 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.