Eagle Asset Management Inc. Raises Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Eagle Asset Management Inc. lifted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,359 shares of the mining company’s stock after acquiring an additional 4,220 shares during the period. Eagle Asset Management Inc.’s holdings in Harmony Gold Mining were worth $448,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Van ECK Associates Corp increased its stake in Harmony Gold Mining by 3.3% in the third quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock valued at $700,663,000 after purchasing an additional 2,206,537 shares during the period. Tidal Investments LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $59,033,000. Acadian Asset Management LLC raised its stake in Harmony Gold Mining by 111.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after acquiring an additional 977,142 shares during the last quarter. AQR Capital Management LLC lifted its position in Harmony Gold Mining by 63.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock worth $14,374,000 after acquiring an additional 609,971 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at approximately $8,171,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Trading Down 4.5 %

NYSE:HMY opened at $9.20 on Tuesday. Harmony Gold Mining Company Limited has a 1 year low of $5.40 and a 1 year high of $12.29. The stock has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $9.72. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were issued a dividend of $0.042 per share. This represents a yield of 1.2%. The ex-dividend date was Friday, October 11th.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HMY shares. StockNews.com raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, Bank of America initiated coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock.

Harmony Gold Mining Company 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.