Sequoia Financial Advisors LLC Purchases Shares of 14,340 Harmony Gold Mining Company Limited $HMY

Sequoia Financial Advisors LLC purchased a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 14,340 shares of the mining company’s stock, valued at approximately $200,000.

Other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC grew its holdings in Harmony Gold Mining by 2,655.3% during the 1st quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock valued at $8,649,000 after buying an additional 564,354 shares in the last quarter. GAMMA Investing LLC grew its holdings in Harmony Gold Mining by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after buying an additional 866 shares in the last quarter. Walleye Capital LLC grew its holdings in Harmony Gold Mining by 103.6% during the 1st quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock valued at $3,607,000 after buying an additional 124,287 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Harmony Gold Mining by 30.7% during the 1st quarter. Russell Investments Group Ltd. now owns 467,378 shares of the mining company’s stock valued at $6,571,000 after buying an additional 109,873 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in Harmony Gold Mining by 56.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 281,313 shares of the mining company’s stock valued at $4,155,000 after buying an additional 101,240 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY opened at $17.87 on Friday. The business has a fifty day moving average of $16.70 and a 200 day moving average of $15.58. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $22.25. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $11.38 billion, a P/E ratio of 10.57 and a beta of 0.79.

Harmony Gold Mining Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were issued a dividend of $0.0893 per share. The ex-dividend date was Friday, October 10th. This represents a yield of 98.0%. Harmony Gold Mining’s payout ratio is presently 8.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HMY shares. Hsbc Global Res upgraded Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday, October 8th. Investec upgraded Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Zacks Research cut Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. Finally, BMO Capital Markets started coverage on Harmony Gold Mining in a report on Thursday, July 17th. They issued a “market perform” rating and a $16.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.20.

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.