U S Global Investors Inc. Increases Stock Holdings in Harmony Gold Mining Company Limited $HMY

U S Global Investors Inc. raised its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 105.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 307,960 shares of the mining company’s stock after purchasing an additional 157,960 shares during the quarter. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $4,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HMY. GAMMA Investing LLC grew its stake in shares of Harmony Gold Mining by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after purchasing an additional 866 shares during the last quarter. Ritholtz Wealth Management raised its position in Harmony Gold Mining by 4.9% during the 1st quarter. Ritholtz Wealth Management now owns 169,833 shares of the mining company’s stock worth $2,508,000 after buying an additional 7,994 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Harmony Gold Mining during the 1st quarter worth $326,000. Blue Trust Inc. raised its position in Harmony Gold Mining by 59.6% during the 1st quarter. Blue Trust Inc. now owns 14,537 shares of the mining company’s stock worth $215,000 after buying an additional 5,427 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in Harmony Gold Mining during the 1st quarter worth $33,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HMY has been the subject of a number of analyst reports. Investec upgraded shares of Harmony Gold Mining to a “hold” rating in a research report on Friday. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets began coverage on Harmony Gold Mining in a report on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday. Finally, Zacks Research cut Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.20.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $18.27 on Friday. The stock has a fifty day moving average price of $15.99 and a 200 day moving average price of $15.23. The stock has a market cap of $11.64 billion, a PE ratio of 10.81, a P/E/G ratio of 0.15 and a beta of 0.79. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $19.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72.

Harmony Gold Mining Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 10th will be issued a dividend of $0.0893 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 98.0%. Harmony Gold Mining’s payout ratio is currently 11.24%.

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.