Wedbush Securities Inc. Purchases Shares of 20,527 Harmony Gold Mining Company Limited (NYSE:HMY)

Wedbush Securities Inc. purchased a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 20,527 shares of the mining company’s stock, valued at approximately $188,000.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Harmony Gold Mining in the 2nd quarter valued at $41,000. St. Johns Investment Management Company LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at $52,000. GAMMA Investing LLC raised its holdings 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 valued at $54,000 after acquiring an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Harmony Gold Mining in the 1st quarter valued at $77,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Harmony Gold Mining Trading Up 2.9 %

HMY opened at $9.80 on Monday. Harmony Gold Mining Company Limited has a 1 year low of $3.51 and a 1 year high of $11.37. The firm has a 50 day moving average price of $9.65 and a 200 day moving average price of $8.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Cuts Dividend

The firm also recently declared 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%.

Analysts Set New Price Targets

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

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.