Harmony Gold Mining Company Limited $HMY Shares Sold by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC trimmed its stake in Harmony Gold by 87.1% in Q4, selling 107,683 shares and leaving 15,882 shares worth $316,000.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with an average price target of $16.00, with ratings ranging from Strong Buy to Strong Sell.
• Harmony announced a $0.3124 dividend payable May 5 to shareholders of record April 24 (ex-dividend date April 24), and the stock recently traded around $15.57 with a 1‑year range of $12.58–$26.06.

Ashton Thomas Private Wealth LLC trimmed its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 87.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,882 shares of the mining company's stock after selling 107,683 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Harmony Gold Mining were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Harmony Gold Mining during the third quarter valued at approximately $25,000. Assetmark Inc. lifted its position in Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company's stock worth $32,000 after purchasing an additional 1,579 shares during the period. Farther Finance Advisors LLC lifted its position in Harmony Gold Mining by 181.8% in the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company's stock worth $50,000 after purchasing an additional 1,789 shares during the period. Bayforest Capital Ltd boosted its stake in Harmony Gold Mining by 973.7% during the 3rd quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company's stock valued at $87,000 after purchasing an additional 4,333 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Harmony Gold Mining by 22.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company's stock valued at $104,000 after purchasing an additional 1,346 shares in the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research downgraded Harmony Gold Mining from a "hold" rating to a "strong sell" rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Wall Street Zen lowered Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 14th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an "overweight" rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.00.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $15.57 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06. The firm's 50 day moving average price is $17.16 and its two-hundred day moving average price is $18.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Harmony Gold Mining Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be issued a $0.3124 dividend. This represents a dividend yield of 372.0%. The ex-dividend date is Friday, April 24th.

Harmony Gold Mining Company Profile

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.

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