Two Sigma Investments LP Raises Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Two Sigma Investments LP grew its position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 274.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 498,405 shares of the mining company's stock after purchasing an additional 365,132 shares during the period. Two Sigma Investments LP owned approximately 0.08% of Harmony Gold Mining worth $4,092,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HMY. SG Americas Securities LLC increased its holdings in shares of Harmony Gold Mining by 3.8% in the fourth 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 period. Blue Trust Inc. grew its holdings in Harmony Gold Mining by 35.6% during the fourth quarter. Blue Trust Inc. now owns 54,288 shares of the mining company's stock worth $446,000 after acquiring an additional 14,266 shares during the period. Pacer Advisors Inc. grew its holdings in Harmony Gold Mining by 14.2% during the fourth quarter. Pacer Advisors Inc. now owns 39,586 shares of the mining company's stock worth $325,000 after acquiring an additional 4,916 shares during the period. Caprock Group LLC acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $188,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $88,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Price Performance

HMY stock traded up $0.86 during mid-day trading on Monday, reaching $15.45. 6,579,339 shares of the company's stock were exchanged, compared to its average volume of 5,338,786. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The stock's 50 day moving average is $15.29 and its 200 day moving average is $11.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $18.77.

Harmony Gold Mining Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, April 11th. This represents a yield of 0.9%. This is an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's dividend payout ratio is currently 11.24%.

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.