Harmony Gold Mining Company Limited $HMY Stock: U S Global Investors Inc. Reduces Position

Key Points

• U.S. Global Investors reduced its Harmony Gold Mining position by 27.5% in the third quarter, selling 118,063 shares and retaining 310,584 shares valued at approximately $5.5 million. Institutional investors collectively own 31.79% of HMY.
• Analyst sentiment remains moderately positive: two analysts rate HMY a Buy and one rates it Hold, giving the stock an overall “Moderate Buy” consensus.
• HMY opened at $16.20, below its 50-day moving average of $19.07 but above its 52-week low of $13.03. The company also recently paid a $0.4611-per-share dividend.

U S Global Investors Inc. decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,584 shares of the mining company's stock after selling 118,063 shares during the period. U S Global Investors Inc.'s holdings in Harmony Gold Mining were worth $5,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HMY. Farther Finance Advisors LLC raised its position in Harmony Gold Mining by 15.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,883 shares of the mining company's stock valued at $87,000 after purchasing an additional 642 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Harmony Gold Mining by 7.6% in the second quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company's stock valued at $145,000 after buying an additional 678 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Harmony Gold Mining by 15.5% during the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company's stock worth $98,000 after buying an additional 852 shares during the period. Royal Bank of Canada boosted its stake in shares of Harmony Gold Mining by 11.5% during the first quarter. Royal Bank of Canada now owns 11,003 shares of the mining company's stock worth $169,000 after buying an additional 1,136 shares during the period. Finally, Ascentis Independent Advisors purchased a new position in shares of Harmony Gold Mining during the first quarter worth about $28,000. Hedge funds and other institutional investors own 31.79% of the company's stock.

Wall Street Analyst Weigh In

HMY has been the subject of several analyst reports. Wall Street Zen downgraded Harmony Gold Mining from a "buy" rating to a "hold" rating in a research note on Saturday, October 10th. Zacks Research upgraded Harmony Gold Mining to a "hold" rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings upgraded Harmony Gold Mining from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Harmony Gold Mining presently has an average rating of "Moderate Buy".

Harmony Gold Mining Price Performance

Shares of HMY opened at $16.20 on Friday. The company's fifty day moving average is $19.07 and its two-hundred day moving average is $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 paid a dividend of $0.4611 per share. This represents a dividend yield of 546.0%. The ex-dividend date was Friday, October 9th.

About Harmony Gold Mining

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.

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.