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

Lazard Asset Management LLC lifted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 32.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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

Harmony Gold Mining Trading Up 2.6%

Shares of HMY stock traded up $0.39 during trading hours on Tuesday, reaching $15.14. The company had a trading volume of 1,534,285 shares, compared to its average volume of 5,298,943. 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 1-year low of $7.97 and a 1-year high of $18.77. The company has a 50 day moving average of $14.77 and a 200 day moving average of $11.61. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.63 and a beta of 1.01.

Harmony Gold Mining Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were issued 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 a boost from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's dividend payout ratio (DPR) is 11.24%.

Analysts Set New Price Targets

Several brokerages have weighed in on HMY. 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 upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research report 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.