Harmony Gold Mining Company Limited $HMY Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Harmony Gold Mining stake by 76.6% in the second quarter, selling 203,723 shares and retaining 62,110 shares valued at approximately $945,000.
• Other institutional investors made mixed adjustments, while institutional investors and hedge funds collectively owned 31.79% of HMY.
• Harmony Gold traded at $19.92, near the upper half of its $13.03–$26.06 annual range. Analysts maintained a “Moderate Buy” consensus, and the company declared a $0.4611-per-share dividend.

Engineers Gate Manager LP trimmed its position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 76.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,110 shares of the mining company's stock after selling 203,723 shares during the period. Engineers Gate Manager LP's holdings in Harmony Gold Mining were worth $945,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Harmony Gold Mining by 100.2% during the 2nd quarter. IFP Advisors Inc now owns 9,947 shares of the mining company's stock worth $151,000 after purchasing an additional 4,978 shares during the period. Nykredit A S purchased a new position in shares of Harmony Gold Mining during the 2nd quarter worth about $613,000. Corient Private Wealth LP boosted its position in shares of Harmony Gold Mining by 24.7% in the second quarter. Corient Private Wealth LP now owns 23,684 shares of the mining company's stock worth $360,000 after acquiring an additional 4,684 shares during the last quarter. Oakmont Investment Advisors Inc. acquired a new stake in shares of Harmony Gold Mining in the second quarter worth approximately $351,000. Finally, TD Waterhouse Canada Inc. grew its holdings in Harmony Gold Mining by 5.7% in the second quarter. TD Waterhouse Canada Inc. now owns 72,537 shares of the mining company's stock valued at $1,100,000 after purchasing an additional 3,940 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Trading Down 0.3%

NYSE HMY opened at $19.92 on Friday. Harmony Gold Mining Company Limited has a one year low of $13.03 and a one year high of $26.06. The company's 50 day moving average price is $18.66 and its 200 day moving average price is $17.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84.

Harmony Gold Mining Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 19th. Investors of record on Friday, October 9th will be given a dividend of $0.4611 per share. This represents a yield of 481.0%. The ex-dividend date of this dividend is Friday, October 9th.

Analysts Set New Price Targets

A number of research firms have weighed in on HMY. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Wall Street Zen raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Finally, Zacks Research upgraded Harmony Gold Mining to a "hold" rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer headquartered in Randfontein, South Africa. The company explores for, extracts, and processes gold from underground and surface operations, producing doré bars and gold concentrate for sale to refiners. Harmony is listed on the Johannesburg Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol HMY.

Harmony's operations are primarily located in South Africa, where its assets include the Mponeng, Doornkop, Kusasalethu, and Tshepong operations, as well as surface retreatment and tailings-processing businesses.

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