BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Harmony Gold Mining Company Limited $HMY

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 23.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 391,485 shares of the mining company’s stock after selling 120,050 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Harmony Gold Mining were worth $7,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HMY. Advisory Services Network LLC purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC bought a new position in shares of Harmony Gold Mining in the 4th quarter worth approximately $26,000. Assetmark Inc. lifted its stake in shares of Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after purchasing an additional 1,579 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Harmony Gold Mining in the 4th quarter worth approximately $100,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Harmony Gold Mining by 22.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company’s stock worth $104,000 after purchasing an additional 1,346 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $15.71 on Friday. Harmony Gold Mining Company Limited has a 12 month low of $12.58 and a 12 month high of $26.06. The company’s 50 day moving average is $16.74 and its two-hundred day moving average is $18.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Harmony Gold Mining Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were paid a dividend of $0.3124 per share. The ex-dividend date was Friday, April 24th. This represents a yield of 372.0%.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.