Russell Investments Group Ltd. Has $18.73 Million Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Russell Investments Group Ltd. reduced its position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,045,971 shares of the mining company's stock after selling 413,789 shares during the period. Russell Investments Group Ltd. owned 0.49% of Harmony Gold Mining worth $18,733,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $32,000. Mackenzie Financial Corp lifted its position in Harmony Gold Mining by 23.1% during the 4th quarter. Mackenzie Financial Corp now owns 911,110 shares of the mining company's stock worth $5,603,000 after acquiring an additional 171,233 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Harmony Gold Mining by 10.6% in 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 period. Financial & Tax Architects LLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth approximately $81,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $34,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Price Performance

HMY stock traded up $0.09 during midday trading on Friday, hitting $8.57. 3,674,974 shares of the stock were exchanged, compared to its average volume of 5,879,940. The stock's 50-day moving average price is $7.97 and its 200-day moving average price is $6.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62. Harmony Gold Mining Company Limited has a fifty-two week low of $3.41 and a fifty-two week high of $9.80.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 12th were paid a $0.062 dividend. This represents a yield of 1.2%. This is a boost from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. The ex-dividend date of this dividend was Thursday, April 11th.

Analyst Ratings Changes

Several brokerages have recently weighed in on HMY. StockNews.com downgraded shares of Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a report on Friday, April 12th. HSBC downgraded Harmony Gold Mining from a "hold" rating to a "reduce" rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their target price on Harmony Gold Mining from $3.20 to $4.90 and gave the company an "underweight" rating in a report on Wednesday, April 17th.

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.