Assenagon Asset Management S.A. Buys New Position in Harmony Gold Mining Company Limited $HMY

Key Points

• Assenagon Asset Management bought a new position of 896,078 shares in Harmony Gold (NYSE: HMY) during Q4, valued at about $17.83 million, representing roughly 0.14% ownership.
• The company announced a $0.3124 dividend payable May 5 (record/ex-dividend date April 24); the article reports a yield of 430.0% on that payout.
• Analysts have an average rating of “Moderate Buy” with an average price target of $16.00 while the stock recently traded around $13.94 and has a 52-week range of $12.56–$26.06.

Assenagon Asset Management S.A. purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 896,078 shares of the mining company's stock, valued at approximately $17,832,000. Assenagon Asset Management S.A. owned 0.14% of Harmony Gold Mining as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shilanski & Associates Inc. grew its stake in shares of Harmony Gold Mining by 3.0% during the 3rd quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company's stock worth $416,000 after purchasing an additional 670 shares during the period. Signaturefd LLC boosted its holdings in Harmony Gold Mining by 5.6% during the third quarter. Signaturefd LLC now owns 16,323 shares of the mining company's stock worth $296,000 after buying an additional 867 shares in the last quarter. Compound Planning Inc. grew its position in Harmony Gold Mining by 3.5% during the third quarter. Compound Planning Inc. now owns 26,673 shares of the mining company's stock worth $484,000 after buying an additional 913 shares during the period. GAMMA Investing LLC increased its holdings in Harmony Gold Mining by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 11,221 shares of the mining company's stock valued at $223,000 after buying an additional 1,182 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Harmony Gold Mining by 13.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company's stock valued at $147,000 after acquiring an additional 1,280 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $13.94 on Friday. Harmony Gold Mining Company Limited has a fifty-two week low of $12.56 and a fifty-two week high of $26.06. The stock has a fifty day moving average of $19.87 and a two-hundred day moving average of $19.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Harmony Gold Mining Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a $0.3124 dividend. The ex-dividend date of this dividend is Friday, April 24th. This represents a yield of 430.0%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HMY. Wall Street Zen downgraded Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 14th. Zacks Research downgraded Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Harmony Gold Mining presently has an average rating of "Moderate Buy" and an average price target of $16.00.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

Want to see what other hedge funds are holding HMY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harmony Gold Mining Company Limited (NYSE:HMY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.