Eschler Asset Management LLP Has $1.41 Million Stock Holdings in Harmony Gold Mining Company Limited $HMY

Eschler Asset Management LLP lifted its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 507.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 70,596 shares of the mining company’s stock after purchasing an additional 58,978 shares during the quarter. Harmony Gold Mining comprises 0.9% of Eschler Asset Management LLP’s holdings, making the stock its 21st biggest position. Eschler Asset Management LLP’s holdings in Harmony Gold Mining were worth $1,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in shares of Harmony Gold Mining during the 3rd quarter worth approximately $1,123,000. Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining during the 4th quarter worth approximately $17,832,000. Aquatic Capital Management LLC grew its stake in shares of Harmony Gold Mining by 78.7% during the 3rd quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock worth $6,034,000 after acquiring an additional 146,459 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Harmony Gold Mining during the 4th quarter worth approximately $6,939,000. Finally, ABC Arbitrage SA grew its stake in shares of Harmony Gold Mining by 143.6% during the 4th quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock worth $49,529,000 after acquiring an additional 1,467,370 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Stock Up 4.2%

Shares of HMY opened at $15.84 on Friday. Harmony Gold Mining Company Limited has a twelve month low of $12.58 and a twelve month high of $26.06. The company has a 50 day moving average of $16.78 and a 200-day moving average of $18.77. 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 Dividend Announcement

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

Harmony Gold Mining 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.