118,063 Harmony Gold Mining Company Limited $HMY Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. reduced its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 27.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,584 shares of the mining company’s stock after selling 118,063 shares during the quarter. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $5,504,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of Harmony Gold Mining by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 4,883 shares of the mining company’s stock valued at $87,000 after buying an additional 642 shares in the last quarter. GAMMA Investing LLC raised its position in Harmony Gold Mining by 7.6% in the second quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock worth $145,000 after acquiring an additional 678 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Harmony Gold Mining by 15.5% in the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after acquiring an additional 852 shares during the period. Royal Bank of Canada increased its holdings in shares of Harmony Gold Mining by 11.5% in the 1st quarter. Royal Bank of Canada now owns 11,003 shares of the mining company’s stock valued at $169,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at about $28,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 3.9%

Shares of HMY stock opened at $16.20 on Friday. The stock has a fifty day moving average price of $19.07 and a 200 day moving average price of $17.43. Harmony Gold Mining Company Limited has a 1 year low of $13.03 and a 1 year high of $26.06.

Harmony Gold Mining Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, October 19th. Stockholders of record on Friday, October 9th were given a $0.4611 dividend. The ex-dividend date was Friday, October 9th. This represents a dividend yield of 546.0%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.