Sequoia Financial Advisors LLC Takes $200,000 Position in Harmony Gold Mining Company Limited $HMY

Sequoia Financial Advisors LLC purchased a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,340 shares of the mining company's stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HMY. GAMMA Investing LLC lifted its holdings in shares of Harmony Gold Mining by 11.1% during the first 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. Spire Wealth Management bought a new position in shares of Harmony Gold Mining during the first quarter valued at $33,000. Ativo Capital Management LLC bought a new position in shares of Harmony Gold Mining during the first quarter valued at $1,885,000. Bank of New York Mellon Corp lifted its holdings in shares of Harmony Gold Mining by 69.6% during the first quarter. Bank of New York Mellon Corp now owns 48,257 shares of the mining company's stock valued at $713,000 after purchasing an additional 19,801 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Harmony Gold Mining by 3.8% during the first quarter. Envestnet Asset Management Inc. now owns 159,728 shares of the mining company's stock valued at $2,359,000 after purchasing an additional 5,826 shares in the last quarter. 31.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HMY has been the topic of a number of research analyst reports. HSBC raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a report on Thursday, October 9th. Hsbc Global Res raised Harmony Gold Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 9th. Zacks Research cut Harmony Gold Mining from a "hold" rating to a "strong sell" rating in a research report on Monday, September 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. Finally, BMO Capital Markets assumed 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.20.

Harmony Gold Mining Stock Up 0.3%

Shares of HMY opened at $17.87 on Friday. The business's 50 day moving average is $16.70 and its 200 day moving average is $15.58. The company has a market capitalization of $11.38 billion, a PE ratio of 10.57 and a beta of 0.79. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $22.25. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were paid a dividend of $0.0893 per share. This represents a yield of 98.0%. The ex-dividend date of this dividend was Friday, October 10th. Harmony Gold Mining's dividend payout ratio (DPR) is 8.28%.

Harmony Gold Mining 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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