Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,295 shares of the mining company’s stock after selling 7,678 shares during the period. Freedom Investment Management Inc.’s holdings in Harmony Gold Mining were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Harmony Gold Mining by 3.3% during the third quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock worth $700,663,000 after purchasing an additional 2,206,537 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Harmony Gold Mining by 111.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after buying an additional 977,142 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Harmony Gold Mining by 63.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after buying an additional 609,971 shares during the period. Cetera Investment Advisers acquired a new position in Harmony Gold Mining in the first quarter valued at approximately $2,097,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Harmony Gold Mining by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after acquiring an additional 170,175 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Stock Up 1.4 %

Shares of NYSE HMY opened at $9.20 on Friday. The stock has a fifty day simple moving average of $10.23 and a 200-day simple moving average of $9.71. Harmony Gold Mining Company Limited has a twelve month low of $5.40 and a twelve month high of $12.29. 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 was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were paid a dividend of $0.042 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a yield of 1.2%.

Analyst Ratings Changes

HMY has been the topic of a number of research analyst reports. StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America assumed coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

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.