Harmony Gold Mining Company Limited (NYSE:HMY) Holdings Lessened by Lingotto Investment Management LLP

Lingotto Investment Management LLP decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 5.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,981,611 shares of the mining company’s stock after selling 1,190,436 shares during the quarter. Harmony Gold Mining makes up approximately 6.8% of Lingotto Investment Management LLP’s portfolio, making the stock its 6th largest holding. Lingotto Investment Management LLP’s holdings in Harmony Gold Mining were worth $201,571,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC raised its position in shares of Harmony Gold Mining by 5.0% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock worth $265,000 after purchasing an additional 1,378 shares during the last quarter. Wedbush Securities Inc. acquired a new position in Harmony Gold Mining in the 2nd quarter worth $188,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at about $41,000. Ballentine Partners LLC acquired a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at about $112,000. Finally, Acadian Asset Management LLC raised its stake 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. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their target price on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research report on Wednesday, July 3rd.

Harmony Gold Mining Stock Performance

Shares of HMY opened at $10.08 on Wednesday. Harmony Gold Mining Company Limited has a 12 month low of $3.51 and a 12 month high of $11.37. The company’s fifty day moving average is $9.67 and its 200-day moving average is $9.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be issued a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, October 11th.

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.