Claro Advisors LLC Sells 18,365 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Claro Advisors LLC lowered its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 66.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,298 shares of the mining company’s stock after selling 18,365 shares during the quarter. Claro Advisors LLC’s holdings in Harmony Gold Mining were worth $95,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Van ECK Associates Corp raised its holdings in shares of Harmony Gold Mining by 30.0% in the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock valued at $612,884,000 after purchasing an additional 17,298,604 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Harmony Gold Mining in the 1st quarter valued at about $59,033,000. Acadian Asset Management LLC raised its holdings in shares of Harmony Gold Mining by 111.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after purchasing an additional 977,142 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Harmony Gold Mining by 63.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after purchasing an additional 609,971 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Harmony Gold Mining in the 1st quarter valued at about $8,171,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Up 2.9 %

NYSE HMY opened at $11.78 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The firm has a market cap of $7.45 billion, a PE ratio of 8.47 and a beta of 1.79. The company has a 50 day moving average price of $10.07 and a 200 day moving average price of $9.46. Harmony Gold Mining Company Limited has a 52 week low of $4.42 and a 52 week high of $11.84.

Harmony Gold Mining Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be paid a dividend of $0.042 per share. The ex-dividend date is Friday, October 11th. This represents a dividend yield of 1.2%. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 5.76%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $4.90 to $8.20 in a research note on Thursday, October 10th.

Harmony Gold Mining Profile

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.