Lazard Asset Management LLC Purchases 303,723 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Lazard Asset Management LLC increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 32.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,248,459 shares of the mining company's stock after purchasing an additional 303,723 shares during the period. Lazard Asset Management LLC owned approximately 0.20% of Harmony Gold Mining worth $10,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its position in shares of Harmony Gold Mining by 1.6% during the 4th quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock valued at $451,000 after purchasing an additional 881 shares during the last quarter. Townsquare Capital LLC grew its position in Harmony Gold Mining by 2.2% during the fourth quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company's stock valued at $556,000 after acquiring an additional 1,464 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Harmony Gold Mining by 4.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock worth $295,000 after acquiring an additional 1,496 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Harmony Gold Mining by 3.2% in the 4th quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock worth $400,000 after acquiring an additional 1,496 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Harmony Gold Mining by 12.3% in the 4th quarter. US Bancorp DE now owns 13,801 shares of the mining company's stock valued at $113,000 after purchasing an additional 1,514 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Up 1.6%

Harmony Gold Mining stock traded up $0.23 during mid-day trading on Monday, hitting $14.69. The company had a trading volume of 2,684,439 shares, compared to its average volume of 5,312,755. 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 market capitalization of $9.32 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The stock's 50 day moving average price is $14.71 and its two-hundred day moving average price is $11.58. 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 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 Analyst Weigh In

Several analysts have issued reports on HMY shares. Hsbc Global Res upgraded shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. StockNews.com raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note 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.