Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,505 shares of the mining company's stock after selling 292,436 shares during the period. Russell Investments Group Ltd. owned about 0.06% of Harmony Gold Mining worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in shares of Harmony Gold Mining by 400.0% during the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock worth $41,000 after purchasing an additional 4,000 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after buying an additional 4,081 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Harmony Gold Mining during the fourth quarter valued at about $77,000. Alliance Wealth Advisors LLC UT bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $88,000. Finally, Private Advisor Group LLC grew its position in shares of Harmony Gold Mining by 18.0% in the 4th quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company's stock worth $107,000 after buying an additional 1,987 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on HMY. StockNews.com upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th.

Harmony Gold Mining Stock Performance

Shares of Harmony Gold Mining stock traded down $1.14 during midday trading on Wednesday, hitting $15.87. The company had a trading volume of 5,516,703 shares, compared to its average volume of 7,382,757. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.63 and a beta of 1.42. 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 quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $13.18 and a 200 day simple moving average of $11.02.

Harmony Gold Mining Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, April 21st. Stockholders 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 is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. Harmony Gold Mining's payout ratio is 11.24%.

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.