Van ECK Associates Corp Buys 4,163,528 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Van ECK Associates Corp increased its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 7.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 57,717,855 shares of the mining company’s stock after purchasing an additional 4,163,528 shares during the quarter. Van ECK Associates Corp owned 0.09% of Harmony Gold Mining worth $354,965,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Harmony Gold Mining by 55.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,627,682 shares of the mining company’s stock valued at $6,120,000 after acquiring an additional 579,506 shares during the last quarter. American Century Companies Inc. lifted its holdings in Harmony Gold Mining by 26.2% in the 3rd quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock worth $10,342,000 after buying an additional 571,247 shares during the period. Mackenzie Financial Corp grew its position in shares of Harmony Gold Mining by 122.4% in the 3rd quarter. Mackenzie Financial Corp now owns 739,877 shares of the mining company’s stock worth $2,782,000 after buying an additional 407,159 shares during the last quarter. Jump Financial LLC increased its stake in shares of Harmony Gold Mining by 1,134.5% during the third quarter. Jump Financial LLC now owns 343,735 shares of the mining company’s stock valued at $1,292,000 after buying an additional 315,890 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $1,723,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Up 1.5 %

HMY stock traded up $0.13 during midday trading on Monday, hitting $9.11. The stock had a trading volume of 4,955,454 shares, compared to its average volume of 5,946,765. The business has a 50-day moving average of $7.72 and a two-hundred day moving average of $6.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. Harmony Gold Mining Company Limited has a 52-week low of $3.41 and a 52-week high of $9.80.

Harmony Gold Mining Increases Dividend

The firm also recently declared 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 dividend yield of 1.2%. This is a positive change from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. The ex-dividend date was Thursday, April 11th.

Analyst Upgrades and Downgrades

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

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.