Summit Financial LLC Buys Shares of 150,136 Harmony Gold Mining Company Limited (NYSE:HMY)

Summit Financial LLC purchased a new position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 150,136 shares of the mining company's stock, valued at approximately $1,233,000.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Harmony Gold Mining by 4.0% in the 3rd quarter. Bank of Montreal Can now owns 228,288 shares of the mining company's stock worth $2,466,000 after acquiring an additional 8,862 shares during the last quarter. FMR LLC boosted its holdings in shares of Harmony Gold Mining by 522.6% in the third quarter. FMR LLC now owns 38,620 shares of the mining company's stock worth $393,000 after buying an additional 32,417 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Harmony Gold Mining in the third quarter worth approximately $528,000. HighTower Advisors LLC raised its holdings in shares of Harmony Gold Mining by 298.5% during the third quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company's stock valued at $525,000 after acquiring an additional 39,237 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock valued at $27,219,000 after acquiring an additional 1,162,292 shares in the last quarter. Institutional investors own 31.79% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Stock Down 11.4 %

HMY traded down $1.66 on Friday, reaching $12.99. 9,640,153 shares of the company traded hands, compared to its average volume of 5,207,469. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $15.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.63 and a beta of 1.42. The stock's 50 day moving average price is $11.95 and its 200-day moving average price is $10.47.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be given a $0.1245 dividend. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a yield of 0.9%. The ex-dividend date is Friday, April 11th. Harmony Gold Mining's dividend payout ratio is presently 11.24%.

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.