Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Profund Advisors LLC

Profund Advisors LLC reduced its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,079 shares of the mining company’s stock after selling 5,059 shares during the period. Profund Advisors LLC’s holdings in Harmony Gold Mining were worth $386,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HMY. Van ECK Associates Corp raised its holdings in Harmony Gold Mining by 30.0% in the first quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock valued at $612,884,000 after acquiring an additional 17,298,604 shares in the last quarter. Polunin Capital Partners Ltd lifted its position in shares of Harmony Gold Mining by 10.0% during the first quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock worth $90,553,000 after purchasing an additional 1,005,685 shares during the last quarter. Tidal Investments LLC acquired a new position in Harmony Gold Mining in the first quarter worth about $59,033,000. Acadian Asset Management LLC increased its holdings in Harmony Gold Mining by 111.5% in the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after buying an additional 977,142 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Harmony Gold Mining during the first quarter valued at approximately $8,171,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a report on Wednesday, July 3rd.

Harmony Gold Mining Trading Up 1.2 %

Shares of NYSE:HMY opened at $10.82 on Friday. Harmony Gold Mining Company Limited has a fifty-two week low of $3.51 and a fifty-two week high of $11.37. The firm has a 50-day simple moving average of $9.71 and a 200 day simple moving average of $9.17. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, October 11th.

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.