Ritholtz Wealth Management Raises Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Ritholtz Wealth Management grew its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 44.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,879 shares of the mining company’s stock after purchasing an additional 53,244 shares during the quarter. Ritholtz Wealth Management’s holdings in Harmony Gold Mining were worth $1,768,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HMY. Ashton Thomas Private Wealth LLC purchased a new position in Harmony Gold Mining in the 2nd quarter worth approximately $41,000. St. Johns Investment Management Company LLC purchased a new position in Harmony Gold Mining in the 1st quarter worth approximately $52,000. GAMMA Investing LLC lifted its stake in Harmony Gold Mining by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after purchasing an additional 1,496 shares in the last quarter. Atlas Capital Advisors LLC purchased a new position in Harmony Gold Mining in the 1st quarter worth approximately $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Harmony Gold Mining in the 1st quarter worth approximately $77,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Trading Down 0.6 %

Harmony Gold Mining stock opened at $9.96 on Monday. Harmony Gold Mining Company Limited has a fifty-two week low of $4.42 and a fifty-two week high of $11.37. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.38.

Harmony Gold Mining Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised shares of Harmony Gold Mining from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $4.90 to $8.20 in a research report on Thursday.

Harmony Gold Mining 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.