258,352 Shares in Harmony Gold Mining Company Limited $HMY Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Harmony Gold Mining Company Limited (NYSE:HMY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 258,352 shares of the mining company’s stock, valued at approximately $3,609,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Harmony Gold Mining in the first quarter worth $33,000. FNY Investment Advisers LLC bought a new position in shares of Harmony Gold Mining in the second quarter worth $69,000. Brooklyn Investment Group grew its stake in shares of Harmony Gold Mining by 165,766.7% in the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company’s stock worth $73,000 after purchasing an additional 4,973 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Harmony Gold Mining by 16.7% in the second quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company’s stock worth $77,000 after purchasing an additional 788 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Harmony Gold Mining in the first quarter worth $110,000. Institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Investec raised Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday, October 8th. Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets initiated coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They set a “market perform” rating and a $16.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.20.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $16.36 on Thursday. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $15.65. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $22.25. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 10th were issued a dividend of $0.0893 per share. This represents a dividend yield of 98.0%. The ex-dividend date of this dividend was Friday, October 10th.

About Harmony Gold Mining

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.