Bank of Montreal Can Sells 57,819 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Bank of Montreal Can trimmed its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 25.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 170,469 shares of the mining company’s stock after selling 57,819 shares during the period. Bank of Montreal Can’s holdings in Harmony Gold Mining were worth $1,400,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock worth $41,000 after purchasing an additional 4,000 shares during the period. Jones Financial Companies Lllp raised its stake in Harmony Gold Mining by 230.3% during the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock worth $48,000 after buying an additional 4,081 shares during the period. Quantbot Technologies LP bought a new position in Harmony Gold Mining in the fourth quarter worth approximately $77,000. Alliance Wealth Advisors LLC UT acquired a new stake in Harmony Gold Mining in the fourth quarter valued at approximately $88,000. Finally, Private Advisor Group LLC increased its holdings in shares of Harmony Gold Mining by 18.0% during the fourth quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock valued at $107,000 after acquiring an additional 1,987 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of Harmony Gold Mining stock opened at $17.55 on Friday. The company has a market cap of $11.14 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. 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 Company Limited has a 52 week low of $7.97 and a 52 week high of $18.77. The business has a 50 day moving average price of $12.85 and a 200-day moving average price of $10.86.

Harmony Gold Mining Increases Dividend

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

Wall Street Analyst Weigh In

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.

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.