Lingotto Investment Management LLP Trims Stake in Harmony Gold Mining Company Limited $HMY

Lingotto Investment Management LLP reduced its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 56.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,897,286 shares of the mining company’s stock after selling 6,437,447 shares during the quarter. Harmony Gold Mining comprises about 1.7% of Lingotto Investment Management LLP’s portfolio, making the stock its 12th biggest position. Lingotto Investment Management LLP’s holdings in Harmony Gold Mining were worth $97,456,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Hantz Financial Services Inc. increased its holdings in Harmony Gold Mining by 54.3% during the 4th quarter. Hantz Financial Services Inc. now owns 17,184 shares of the mining company’s stock worth $342,000 after purchasing an additional 6,047 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Harmony Gold Mining during the 4th quarter worth $100,000. Global Retirement Partners LLC increased its holdings in Harmony Gold Mining by 2,480.3% during the 4th quarter. Global Retirement Partners LLC now owns 7,870 shares of the mining company’s stock worth $157,000 after purchasing an additional 7,565 shares during the period. PNC Financial Services Group Inc. increased its holdings in Harmony Gold Mining by 18.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,532 shares of the mining company’s stock worth $249,000 after purchasing an additional 1,936 shares during the period. Finally, TD Private Client Wealth LLC purchased a new position in Harmony Gold Mining during the 4th quarter worth $26,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $17.66 on Tuesday. The business has a fifty day moving average of $16.50 and a two-hundred day moving average of $18.85. 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 twelve month low of $12.58 and a twelve month high of $26.06.

Harmony Gold Mining Dividend Announcement

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

About Harmony Gold Mining

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.