Ninety One UK Ltd Sells 49,501 Shares of Harmony Gold Mining Company Limited $HMY

Ninety One UK Ltd lowered its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626,189 shares of the mining company’s stock after selling 49,501 shares during the quarter. Ninety One UK Ltd owned approximately 0.10% of Harmony Gold Mining worth $11,096,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HMY. Renaissance Technologies LLC lifted its position in shares of Harmony Gold Mining by 46.1% in the first quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock valued at $26,411,000 after acquiring an additional 542,200 shares in the last quarter. Sei Investments Co. increased its position in shares of Harmony Gold Mining by 22.0% during the first quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after purchasing an additional 163,409 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Harmony Gold Mining by 18.6% during the first quarter. Public Employees Retirement System of Ohio now owns 553,186 shares of the mining company’s stock worth $8,502,000 after purchasing an additional 86,827 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Harmony Gold Mining by 2.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 400,574 shares of the mining company’s stock valued at $6,157,000 after purchasing an additional 9,089 shares during the last quarter. Finally, U S Global Investors Inc. raised its stake in Harmony Gold Mining by 49.4% in the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after purchasing an additional 131,538 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

HMY has been the topic of a number of research reports. Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th. Weiss Ratings raised shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

HMY opened at $16.96 on Friday. The company’s 50 day simple moving average is $19.36 and its two-hundred day simple moving average is $17.39. Harmony Gold Mining Company Limited has a 1-year low of $13.03 and a 1-year high of $26.06.

Harmony Gold Mining Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, October 19th. Investors of record on Friday, October 9th will be issued a $0.4611 dividend. This represents a dividend yield of 546.0%. The ex-dividend date of this dividend is Friday, October 9th.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony’s operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.