Harmony Gold Mining Company Limited $HMY Shares Sold by Barometer Capital Management Inc.

Barometer Capital Management Inc. cut its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 92.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,600 shares of the mining company’s stock after selling 112,919 shares during the period. Barometer Capital Management Inc.’s holdings in Harmony Gold Mining were worth $191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Qtron Investments LLC boosted its stake in shares of Harmony Gold Mining by 189.1% in the fourth quarter. Qtron Investments LLC now owns 48,406 shares of the mining company’s stock worth $963,000 after acquiring an additional 31,662 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Harmony Gold Mining in the fourth quarter worth approximately $13,773,000. LPL Financial LLC boosted its stake in shares of Harmony Gold Mining by 27.1% in the fourth quarter. LPL Financial LLC now owns 229,493 shares of the mining company’s stock worth $4,567,000 after acquiring an additional 48,991 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Harmony Gold Mining in the fourth quarter worth approximately $589,000. Finally, Vise Technologies Inc. boosted its stake in shares of Harmony Gold Mining by 4.5% in the fourth quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock worth $478,000 after acquiring an additional 1,030 shares during the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $15.24 on Friday. The stock’s fifty day moving average is $16.79 and its two-hundred day moving average is $18.79. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06.

Harmony Gold Mining Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on HMY shares. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Harmony Gold Mining presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining 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.