Assetmark Inc. Invests $501,000 in Harmony Gold Mining Company Limited (NYSE:HMY)

Assetmark Inc. purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,225 shares of the mining company’s stock, valued at approximately $501,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hara Capital LLC acquired a new position in shares of Harmony Gold Mining in the 3rd quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Harmony Gold Mining in the second quarter worth $41,000. Diversified Trust Co bought a new position in shares of Harmony Gold Mining in the second quarter worth $93,000. Wallace Advisory Group LLC bought a new position in shares of Harmony Gold Mining in the second quarter worth $94,000. Finally, International Assets Investment Management LLC bought a new position in shares of Harmony Gold Mining in the third quarter worth $1,035,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Price Performance

Shares of HMY stock opened at $8.66 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a fifty-two week low of $5.32 and a fifty-two week high of $12.29. The stock’s 50-day moving average is $10.28 and its two-hundred day moving average is $9.68.

Harmony Gold Mining Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 11th.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HMY shares. JPMorgan Chase & Co. raised their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America assumed coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating for the company. Finally, StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.