Bridgewater Associates LP Purchases 291,131 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Bridgewater Associates LP lifted its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 72.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 694,309 shares of the mining company’s stock after buying an additional 291,131 shares during the period. Bridgewater Associates LP’s holdings in Harmony Gold Mining were worth $5,700,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC bought a new position in Harmony Gold Mining in the 4th quarter valued at approximately $985,000. Mariner LLC raised its stake in shares of Harmony Gold Mining by 81.8% in the fourth quarter. Mariner LLC now owns 84,473 shares of the mining company’s stock worth $694,000 after purchasing an additional 38,009 shares during the last quarter. Townsquare Capital LLC lifted its holdings in shares of Harmony Gold Mining by 2.2% during the fourth quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company’s stock valued at $556,000 after purchasing an additional 1,464 shares in the last quarter. Capital Fund Management S.A. boosted its position in shares of Harmony Gold Mining by 534.2% during the fourth quarter. Capital Fund Management S.A. now owns 98,132 shares of the mining company’s stock valued at $806,000 after buying an additional 120,732 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Harmony Gold Mining in the 4th quarter worth about $624,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

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 Price Performance

Shares of HMY opened at $17.55 on Friday. The firm has a market cap of $11.14 billion, a PE ratio of 10.38, a P/E/G ratio of 0.63 and a beta of 1.42. Harmony Gold Mining Company Limited has a 1-year low of $7.97 and a 1-year high of $18.77. 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 $12.85 and a two-hundred day simple moving average of $10.86.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be issued a $0.1245 dividend. 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 dividend payout ratio is currently 11.24%.

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.