Russell Investments Group Ltd. Has $2.94 Million Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Russell Investments Group Ltd. trimmed its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,505 shares of the mining company’s stock after selling 292,436 shares during the period. Russell Investments Group Ltd. owned 0.06% of Harmony Gold Mining worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA acquired a new position in Harmony Gold Mining in the 4th quarter valued at $20,229,000. Summit Financial LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter worth $1,233,000. Public Employees Retirement System of Ohio bought a new position in shares of Harmony Gold Mining in the third quarter worth $1,412,000. Y Intercept Hong Kong Ltd acquired a new position in Harmony Gold Mining in the fourth quarter valued at about $923,000. Finally, HighTower Advisors LLC lifted its position in Harmony Gold Mining by 298.5% during the third quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after purchasing an additional 39,237 shares during the period. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Trading Down 2.5 %

Shares of HMY opened at $17.55 on Friday. 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 Company Limited has a 52-week low of $7.97 and a 52-week high of $18.77. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.63 and a beta of 1.42. The business’s fifty day moving average is $12.85 and its 200-day moving average is $10.86.

Harmony Gold Mining Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be paid 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 is Friday, April 11th. This represents a yield of 0.9%. Harmony Gold Mining’s payout ratio is presently 11.24%.

Analysts Set New Price Targets

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

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.