Asset One Wealth Management LLC Takes Position in Harmony Gold Mining Company Limited $HMY

Asset One Wealth Management LLC acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 253,867 shares of the mining company’s stock, valued at approximately $5,311,000. Harmony Gold Mining makes up about 0.7% of Asset One Wealth Management LLC’s holdings, making the stock its 27th largest position.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at about $17,832,000. Aquatic Capital Management LLC lifted its holdings in Harmony Gold Mining by 78.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock worth $6,034,000 after purchasing an additional 146,459 shares in the last quarter. Ninety One UK Ltd purchased a new position in Harmony Gold Mining in the 4th quarter worth approximately $6,939,000. ABC Arbitrage SA lifted its holdings in Harmony Gold Mining by 143.6% in the 4th quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock worth $49,529,000 after purchasing an additional 1,467,370 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in Harmony Gold Mining in the 3rd quarter worth approximately $452,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Trading Down 3.9%

NYSE:HMY opened at $17.08 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06. The stock’s 50 day simple moving average is $16.87 and its two-hundred day simple moving average is $18.74.

Harmony Gold Mining Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were paid a $0.3124 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a yield of 372.0%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HMY. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

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.