Millennium Management LLC Acquires 982,740 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Millennium Management LLC grew its position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 59.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,635,182 shares of the mining company's stock after purchasing an additional 982,740 shares during the period. Millennium Management LLC owned approximately 0.42% of Harmony Gold Mining worth $21,635,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust raised its holdings in Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 worth $48,000 after acquiring an additional 4,081 shares in the last quarter. Optiver Holding B.V. bought a new stake in Harmony Gold Mining during the fourth quarter worth about $75,000. Quantbot Technologies LP bought a new stake in Harmony Gold Mining during the fourth quarter worth about $77,000. Finally, Capstone Investment Advisors LLC bought a new stake in Harmony Gold Mining during the fourth quarter worth about $82,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HMY. Hsbc Global Res upgraded 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 research report on Friday, March 7th.

Harmony Gold Mining Price Performance

NYSE:HMY traded up $0.66 during trading hours on Friday, reaching $15.84. 3,859,759 shares of the company were exchanged, compared to its average volume of 5,290,243. The company has a market capitalization of $10.05 billion, a P/E ratio of 9.37, a P/E/G ratio of 0.63 and a beta of 1.01. Harmony Gold Mining Company Limited has a 1-year low of $7.97 and a 1-year high of $18.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The business has a 50 day moving average of $15.02 and a 200 day moving average of $11.73.

Harmony Gold Mining Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Investors 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.