49,225 Shares in Harmony Gold Mining Company Limited (NYSE:HMY) Bought by Assetmark Inc.

Assetmark Inc. bought a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 49,225 shares of the mining company’s stock, valued at approximately $501,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hara Capital LLC acquired a new stake in Harmony Gold Mining in the 3rd quarter worth $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Harmony Gold Mining in the second quarter valued at approximately $41,000. QRG Capital Management Inc. acquired a new position in Harmony Gold Mining during the first quarter worth $87,000. Diversified Trust Co acquired a new position in Harmony Gold Mining during the second quarter worth $93,000. Finally, Burns Matteson Capital Management LLC acquired a new position in Harmony Gold Mining during the first quarter worth $94,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $8.66 on Friday. Harmony Gold Mining Company Limited has a 52-week low of $5.32 and a 52-week high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The company’s 50 day moving average price is $10.28 and its 200-day moving average price is $9.68.

Harmony Gold Mining Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. The ex-dividend date was Friday, October 11th. This represents a dividend yield of 1.2%.

Wall Street Analysts Forecast Growth

HMY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research report on Tuesday. Bank of America began coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, StockNews.com downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.