Bank of America Corp DE Buys 58,138 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Bank of America Corp DE raised its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,235,498 shares of the mining company's stock after buying an additional 58,138 shares during the quarter. Bank of America Corp DE owned 0.19% of Harmony Gold Mining worth $10,143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HMY. ABC Arbitrage SA acquired a new position in Harmony Gold Mining in the fourth quarter valued at about $20,229,000. Renaissance Technologies LLC bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth about $11,903,000. Marshall Wace LLP increased its holdings in shares of Harmony Gold Mining by 1,465.3% in the fourth quarter. Marshall Wace LLP now owns 388,204 shares of the mining company's stock worth $3,187,000 after acquiring an additional 363,404 shares in the last quarter. Bridgewater Associates LP increased its holdings in shares of Harmony Gold Mining by 72.2% in the fourth quarter. Bridgewater Associates LP now owns 694,309 shares of the mining company's stock worth $5,700,000 after acquiring an additional 291,131 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth about $2,016,000. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY traded up $0.17 during trading hours on Wednesday, reaching $14.62. 3,887,847 shares of the stock were exchanged, compared to its average volume of 5,296,674. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.63 and a beta of 1.01. 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 stock's fifty day simple moving average is $15.12 and its 200 day simple moving average is $11.81.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were paid a dividend of $0.1245 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a dividend yield of 0.9%. 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%.

Analyst Ratings Changes

Several research firms have recently weighed in on HMY. Wall Street Zen raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th.

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.