Harmony Gold Mining Company Limited (NYSE:HMY) Shares Purchased by Creative Planning

Creative Planning boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 3.6% in the third quarter, Holdings Channel reports. The fund owned 59,686 shares of the mining company’s stock after purchasing an additional 2,061 shares during the period. Creative Planning’s holdings in Harmony Gold Mining were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Harmony Gold Mining during the second quarter worth about $41,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Harmony Gold Mining in the 1st quarter valued at approximately $77,000. QRG Capital Management Inc. acquired a new position in Harmony Gold Mining during the 1st quarter worth approximately $87,000. Diversified Trust Co purchased a new position in shares of Harmony Gold Mining during the 2nd quarter worth approximately $93,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at approximately $94,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 0.2 %

HMY stock opened at $10.55 on Tuesday. 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 Company Limited has a 12 month low of $4.42 and a 12 month high of $12.29. The firm has a market capitalization of $6.70 billion, a PE ratio of 7.70, a P/E/G ratio of 0.51 and a beta of 1.77. The company’s 50 day simple moving average is $10.26 and its 200-day simple moving average is $9.64.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 11th. Harmony Gold Mining’s dividend payout ratio is presently 5.84%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Harmony Gold Mining from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $4.90 to $8.20 in a research report on Thursday, October 10th. Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock.

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.