Barometer Capital Management Inc. Trims Stake in Harmony Gold Mining Company Limited $HMY

Barometer Capital Management Inc. reduced its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 92.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,600 shares of the mining company’s stock after selling 112,919 shares during the quarter. Barometer Capital Management Inc.’s holdings in Harmony Gold Mining were worth $191,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in Harmony Gold Mining by 48.2% during the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock valued at $105,916,000 after acquiring an additional 1,910,028 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. Amundi raised its position in Harmony Gold Mining by 21.5% during the third quarter. Amundi now owns 2,879,407 shares of the mining company’s stock valued at $53,355,000 after acquiring an additional 509,434 shares in the last quarter. Millennium Management LLC raised its position in Harmony Gold Mining by 21.0% during the third quarter. Millennium Management LLC now owns 2,745,171 shares of the mining company’s stock valued at $49,825,000 after acquiring an additional 476,356 shares in the last quarter. Finally, ABC Arbitrage SA raised its position in Harmony Gold Mining by 143.6% during the fourth quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock valued at $49,529,000 after acquiring an additional 1,467,370 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Price Performance

Shares of HMY opened at $15.24 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining Company Limited has a 12 month low of $12.58 and a 12 month high of $26.06. The stock’s 50 day moving average is $16.79 and its two-hundred day moving average is $18.79.

Harmony Gold Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

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.