Dorsey Wright & Associates Has $2.39 Million Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Dorsey Wright & Associates lessened its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 291,299 shares of the mining company’s stock after selling 87,331 shares during the quarter. Dorsey Wright & Associates’ holdings in Harmony Gold Mining were worth $2,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of Harmony Gold Mining by 3.2% during the 4th quarter. LPL Financial LLC now owns 48,774 shares of the mining company’s stock worth $400,000 after buying an additional 1,496 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Harmony Gold Mining by 12.3% in the fourth quarter. US Bancorp DE now owns 13,801 shares of the mining company’s stock worth $113,000 after acquiring an additional 1,514 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Harmony Gold Mining by 12.2% in the 4th quarter. Ballentine Partners LLC now owns 14,048 shares of the mining company’s stock valued at $115,000 after purchasing an additional 1,533 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Harmony Gold Mining by 3.8% during the 4th quarter. SG Americas Securities LLC now owns 52,524 shares of the mining company’s stock valued at $431,000 after purchasing an additional 1,919 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Harmony Gold Mining by 18.0% during the 4th quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock worth $107,000 after purchasing an additional 1,987 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of HMY opened at $14.08 on Friday. The business has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $10.30. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $14.38. The stock has a market cap of $8.93 billion, a PE ratio of 8.33, a PEG ratio of 0.63 and a beta of 1.85. 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 Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be issued a $0.1245 dividend. This represents a yield of 0.9%. The ex-dividend date is Friday, April 11th. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio (DPR) is 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 report 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.