UBS Group AG Trims Stake in Harmony Gold Mining Company Limited $HMY

UBS Group AG lowered its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 61.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,553 shares of the mining company’s stock after selling 338,253 shares during the quarter. UBS Group AG’s holdings in Harmony Gold Mining were worth $4,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in shares of Harmony Gold Mining during the third quarter valued at about $25,000. Assetmark Inc. increased its position in shares of Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after buying an additional 1,579 shares during the period. Osaic Holdings Inc. increased its position in shares of Harmony Gold Mining by 22.1% during the second quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company’s stock valued at $104,000 after buying an additional 1,346 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Harmony Gold Mining during the fourth quarter valued at about $158,000. Finally, FORA Capital LLC purchased a new position in shares of Harmony Gold Mining during the second quarter valued at about $145,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

HMY has been the topic of several research analyst reports. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Trading Down 2.6%

Shares of HMY opened at $16.74 on Friday. 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 Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The firm’s 50-day simple moving average is $16.18 and its two-hundred day simple moving average is $18.78.

Harmony Gold Mining Dividend Announcement

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

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.