Mackenzie Financial Corp Boosts Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Mackenzie Financial Corp raised its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 911,110 shares of the mining company's stock after purchasing an additional 171,233 shares during the quarter. Mackenzie Financial Corp owned 0.15% of Harmony Gold Mining worth $5,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in Harmony Gold Mining by 10.6% during the fourth quarter. Vontobel Holding Ltd. now owns 437,946 shares of the mining company's stock valued at $2,693,000 after purchasing an additional 42,144 shares during the last quarter. Financial & Tax Architects LLC bought a new stake in Harmony Gold Mining during the fourth quarter valued at approximately $81,000. Fifth Third Bancorp bought a new stake in Harmony Gold Mining during the fourth quarter valued at approximately $34,000. Assenagon Asset Management S.A. bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $1,723,000. Finally, Symmetry Partners LLC lifted its holdings in shares of Harmony Gold Mining by 129.0% in the 4th quarter. Symmetry Partners LLC now owns 33,556 shares of the mining company's stock worth $206,000 after acquiring an additional 18,900 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Stock Up 1.9 %

Shares of NYSE HMY traded up $0.17 during mid-day trading on Friday, hitting $9.29. The stock had a trading volume of 6,157,521 shares, compared to its average volume of 6,354,869. The business has a 50 day moving average price of $7.40 and a two-hundred day moving average price of $6.20. Harmony Gold Mining Company Limited has a 1 year low of $3.41 and a 1 year high of $9.80. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Harmony Gold Mining Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 12th will be issued a dividend of $0.062 per share. This is a positive change from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the stock an "underweight" rating in a report on Wednesday. StockNews.com lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a report on Friday, April 12th. Finally, HSBC lowered shares of Harmony Gold Mining from a "hold" rating to a "reduce" rating in a report on Friday.

Harmony Gold Mining Company 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.