Harmony Gold Mining Company Limited (NYSE:HMY) Shares Purchased by Veracity Capital LLC

Veracity Capital LLC boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,747 shares of the mining company’s stock after buying an additional 1,003 shares during the quarter. Veracity Capital LLC’s holdings in Harmony Gold Mining were worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of Harmony Gold Mining during the 2nd quarter worth $41,000. St. Johns Investment Management Company LLC acquired a new position in Harmony Gold Mining during the first quarter worth about $52,000. GAMMA Investing LLC raised its position in Harmony Gold Mining by 29.2% during the first quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after acquiring an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in shares of Harmony Gold Mining in the first quarter valued at about $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Harmony Gold Mining in the first quarter valued at approximately $77,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Up 2.9 %

HMY opened at $11.78 on Monday. The firm has a market cap of $7.45 billion, a P/E ratio of 8.47 and a beta of 1.79. The business’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $9.46. Harmony Gold Mining Company Limited has a 52 week low of $4.42 and a 52 week high of $11.84. 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 company also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders 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 is currently 5.76%.

Analysts Set New Price Targets

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

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.