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

Key Points

• Assenagon Asset Management S.A. has acquired a new stake in Harmony Gold Mining, totaling 518,636 shares valued at approximately $7.25 million, representing about 0.08% ownership of the company.
• Harmony Gold Mining's stock is currently rated as a "Hold" by analysts, with a consensus target price of $12.20 and a recent price performance showing a 2.6% increase to $18.07.
• The company will pay a semi-annual dividend of $0.0893 per share on October 20th, having a dividend yield of 120.0% and a payout ratio of 8.28%.

Assenagon Asset Management S.A. acquired a new stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 518,636 shares of the mining company's stock, valued at approximately $7,245,000. Assenagon Asset Management S.A. owned about 0.08% of Harmony Gold Mining at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Spire Wealth Management purchased a new position in Harmony Gold Mining during the first quarter worth approximately $33,000. Parallel Advisors LLC increased its position in shares of Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after acquiring an additional 1,961 shares during the last quarter. Brooklyn Investment Group lifted 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 acquiring an additional 4,973 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the first quarter valued at about $110,000. Finally, GAMMA Investing LLC grew its stake in Harmony Gold Mining by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after purchasing an additional 866 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on HMY. BMO Capital Markets initiated coverage on Harmony Gold Mining in a research report on Thursday, July 17th. They issued a "market perform" rating and a $16.00 target price on the stock. Zacks Research cut shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Harmony Gold Mining has a consensus rating of "Hold" and an average target price of $12.20.

Harmony Gold Mining Stock Up 2.6%

Shares of HMY stock opened at $18.07 on Wednesday. The business's fifty day moving average is $14.95 and its 200-day moving average is $14.72. The stock has a market cap of $11.47 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 0.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $18.77.

Harmony Gold Mining Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.0893 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 120.0%. Harmony Gold Mining's dividend payout ratio (DPR) is currently 8.28%.

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.

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