Kopernik Global Investors LLC reduced its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,724,852 shares of the mining company's stock after selling 192,659 shares during the period. Harmony Gold Mining accounts for approximately 2.4% of Kopernik Global Investors LLC's portfolio, making the stock its 14th largest position. Kopernik Global Investors LLC owned 0.43% of Harmony Gold Mining worth $22,371,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. ABC Arbitrage SA purchased a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $20,229,000. Renaissance Technologies LLC purchased a new position in Harmony Gold Mining during the 4th quarter valued at $11,903,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $2,016,000. Assenagon Asset Management S.A. purchased a new position in shares of Harmony Gold Mining during the fourth quarter valued at about $1,804,000. Finally, OLD Mission Capital LLC purchased a new stake in Harmony Gold Mining in the fourth quarter worth about $1,492,000. Hedge funds and other institutional investors own 31.79% of the company's stock.
Harmony Gold Mining Stock Down 2.5 %
Shares of NYSE HMY traded down $0.45 on Friday, reaching $17.55. 6,169,852 shares of the company's stock traded hands, compared to its average volume of 5,239,531. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The business's 50 day simple moving average is $12.85 and its two-hundred day simple moving average is $10.86. 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 cap of $11.14 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42.
Harmony Gold Mining Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be issued a $0.1245 dividend. 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 is Friday, April 11th. Harmony Gold Mining's payout ratio is 11.24%.
Analyst Ratings Changes
Separately, StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Report on HMY
About Harmony Gold Mining
(
Free Report)
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.
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