UBS Group AG Sells 338,253 Shares of Harmony Gold Mining Company Limited $HMY

UBS Group AG lessened its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 61.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 209,553 shares of the mining company’s stock after selling 338,253 shares during the period. UBS Group AG’s holdings in Harmony Gold Mining were worth $4,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in shares of Harmony Gold Mining in the third quarter worth approximately $1,123,000. Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth approximately $17,832,000. Alps Advisors Inc. lifted its stake in shares of Harmony Gold Mining by 34.5% in the third quarter. Alps Advisors Inc. now owns 1,405,825 shares of the mining company’s stock worth $25,516,000 after buying an additional 360,673 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in shares of Harmony Gold Mining by 78.7% in the third quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock worth $6,034,000 after buying an additional 146,459 shares in the last quarter. Finally, Ninety One UK Ltd bought a new position in shares of Harmony Gold Mining in the fourth quarter worth approximately $6,939,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY opened at $16.74 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. The firm has a 50 day moving average price of $16.18 and a 200-day moving average price of $18.78. Harmony Gold Mining Company Limited has a twelve month low of $12.58 and a twelve month high of $26.06.

Harmony Gold Mining Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.