Cetera Investment Advisers Trims Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Cetera Investment Advisers lessened its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,584 shares of the mining company's stock after selling 53,422 shares during the period. Cetera Investment Advisers' holdings in Harmony Gold Mining were worth $2,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in Harmony Gold Mining by 400.0% during the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock valued at $41,000 after buying an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 valued at $48,000 after buying an additional 4,081 shares in the last quarter. Optiver Holding B.V. bought a new position in Harmony Gold Mining during the 4th quarter valued at approximately $75,000. Quantbot Technologies LP bought a new position in Harmony Gold Mining during the 4th quarter valued at approximately $77,000. Finally, Capstone Investment Advisors LLC bought a new position in Harmony Gold Mining during the 4th quarter valued at approximately $82,000. Institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock traded up $0.62 during midday trading on Tuesday, reaching $15.37. 3,657,013 shares of the stock traded hands, compared to its average volume of 5,308,596. The stock's fifty day moving average is $14.77 and its 200-day moving average is $11.61. 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 cap of $9.76 billion, a P/E ratio of 9.09, a PEG 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 given a dividend of $0.1245 per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's payout ratio is 11.24%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. StockNews.com raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a report 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.