US Bancorp DE Increases Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

US Bancorp DE increased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,801 shares of the mining company’s stock after acquiring an additional 1,514 shares during the period. US Bancorp DE’s holdings in Harmony Gold Mining were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in Harmony Gold Mining by 98.2% in the 4th quarter. QRG Capital Management Inc. now owns 30,694 shares of the mining company’s stock worth $252,000 after acquiring an additional 15,206 shares during the last quarter. Denali Advisors LLC purchased a new stake in Harmony Gold Mining during the 4th quarter valued at $194,000. Bank of New York Mellon Corp raised its stake in Harmony Gold Mining by 22.6% during the 4th quarter. Bank of New York Mellon Corp now owns 28,456 shares of the mining company’s stock valued at $234,000 after buying an additional 5,241 shares during the last quarter. IFP Advisors Inc purchased a new stake in Harmony Gold Mining during the 4th quarter valued at $173,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Harmony Gold Mining during the 4th quarter valued at $923,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Price Performance

Shares of HMY opened at $12.11 on Monday. The firm has a market cap of $7.68 billion, a PE ratio of 7.16, a P/E/G ratio of 0.63 and a beta of 1.85. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $10.06. Harmony Gold Mining Company Limited has a 1-year low of $7.21 and a 1-year high of $12.49.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be given a dividend of $0.1245 per share. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is presently 11.24%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Harmony Gold Mining 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.