Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 278,329 shares of the mining company's stock after selling 20,378 shares during the period. Guggenheim Capital LLC's holdings in Harmony Gold Mining were worth $2,285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Grove Bank & Trust grew its stake in shares of 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 purchasing an additional 4,000 shares during the period. 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 worth $48,000 after purchasing an additional 4,081 shares in the last quarter. Quantbot Technologies LP bought a new stake in Harmony Gold Mining during the 4th quarter worth approximately $77,000. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at $87,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in shares of Harmony Gold Mining during the 4th quarter valued at $88,000. Institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock traded down $0.57 during midday trading on Friday, hitting $15.43. The stock had a trading volume of 3,054,821 shares, compared to its average volume of 5,261,613. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $18.77. The firm's fifty day moving average is $13.36 and its two-hundred day moving average is $11.10. The company has a market capitalization of $9.79 billion, a PE ratio of 9.12, a P/E/G ratio of 0.63 and a beta of 1.42.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were issued a $0.1245 dividend. This represents a dividend yield of 0.9%. This is a boost 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 is currently 11.24%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

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.