SG Americas Securities LLC Acquires 97,217 Shares of Harmony Gold Mining Company Limited $HMY

SG Americas Securities LLC raised its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 346.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 125,282 shares of the mining company’s stock after acquiring an additional 97,217 shares during the quarter. SG Americas Securities LLC’s holdings in Harmony Gold Mining were worth $1,750,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. 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. Envestnet Asset Management Inc. raised its position in Harmony Gold Mining by 3.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 159,728 shares of the mining company’s stock worth $2,359,000 after buying an additional 5,826 shares during the last quarter. Marietta Investment Partners LLC bought a new position in Harmony Gold Mining during the 1st quarter valued at about $3,337,000. Mackenzie Financial Corp boosted its holdings in shares of Harmony Gold Mining by 15.1% during the 1st quarter. Mackenzie Financial Corp now owns 1,840,989 shares of the mining company’s stock valued at $27,191,000 after acquiring an additional 241,076 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Harmony Gold Mining in the first quarter worth approximately $110,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $16.13 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $22.25. The firm has a fifty day moving average price of $17.50 and a 200-day moving average price of $15.69.

Harmony Gold Mining Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were issued 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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Investec upgraded shares of Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $16.00.

About Harmony Gold Mining

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.