Bank of America Corp DE Boosts Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Bank of America Corp DE raised its holdings in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 about 0.19% of Harmony Gold Mining worth $10,143,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after buying an additional 4,081 shares during the period. Optiver Holding B.V. bought a new position in shares of Harmony Gold Mining in the 4th quarter worth about $75,000. Quantbot Technologies LP purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $77,000. Advisory Services Network LLC bought a new stake in Harmony Gold Mining during the fourth quarter worth about $87,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in Harmony Gold Mining during the fourth quarter worth about $88,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 0.4%

Harmony Gold Mining stock traded down $0.06 during trading hours on Thursday, hitting $14.59. The stock had a trading volume of 4,399,310 shares, compared to its average volume of 5,314,777. The stock's 50-day moving average price is $15.20 and its 200-day moving average price is $11.86. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $18.77. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $9.26 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01.

Harmony Gold Mining Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were paid a dividend of $0.1245 per share. This represents a yield of 0.9%. This is an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date of this dividend was Friday, April 11th. Harmony Gold Mining's dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note 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.

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.