Veracity Capital LLC Increases Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Veracity Capital LLC increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 7.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,747 shares of the mining company’s stock after buying an additional 1,003 shares during the period. Veracity Capital LLC’s holdings in Harmony Gold Mining were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HMY. Van ECK Associates Corp boosted 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 during the last quarter. Tidal Investments LLC purchased a new position in shares of Harmony Gold Mining in the 1st quarter worth $59,033,000. Lazard Asset Management LLC acquired a new position in Harmony Gold Mining in the first quarter valued at $8,171,000. Acadian Asset Management LLC boosted 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 acquiring an additional 977,142 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Harmony Gold Mining during the fourth quarter valued at about $4,667,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Price Performance

HMY opened at $11.78 on Monday. 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 50 day moving average of $10.07 and a two-hundred day moving average of $9.46. The company has a market cap of $7.45 billion, a P/E ratio of 8.47 and a beta of 1.79. 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 firm also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a yield of 1.2%. Harmony Gold Mining’s dividend payout ratio (DPR) is 5.76%.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Company 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.