21,669 Shares in Harmony Gold Mining Company Limited $HMY Purchased by Summit Global Investments

Summit Global Investments acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,669 shares of the mining company’s stock, valued at approximately $303,000.

Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after buying an additional 3,806,468 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Harmony Gold Mining by 4,004.0% in the 1st quarter. Acadian Asset Management LLC now owns 2,460,852 shares of the mining company’s stock worth $36,333,000 after acquiring an additional 2,400,889 shares during the last quarter. Amundi raised its holdings in Harmony Gold Mining by 88.9% in the 1st quarter. Amundi now owns 2,113,411 shares of the mining company’s stock worth $30,961,000 after acquiring an additional 994,888 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Harmony Gold Mining by 1,490.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 950,136 shares of the mining company’s stock valued at $14,034,000 after acquiring an additional 890,387 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Harmony Gold Mining by 116.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company’s stock valued at $23,728,000 after purchasing an additional 865,632 shares during the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Up 6.3%

HMY opened at $19.29 on Thursday. The firm’s 50 day simple moving average is $17.74 and its two-hundred day simple moving average is $15.75. Harmony Gold Mining Company Limited has a 1-year low of $7.97 and a 1-year 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 business also recently announced a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were given a dividend of $0.0893 per share. The ex-dividend date was Friday, October 10th. This represents a yield of 98.0%.

Analyst Upgrades and Downgrades

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

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.