Intelligence Driven Advisers LLC Makes New $67,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Intelligence Driven Advisers LLC bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,789 shares of the mining company’s stock, valued at approximately $67,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Harmony Gold Mining during the fourth quarter worth $32,000. Fifth Third Bancorp purchased a new stake in Harmony Gold Mining during the fourth quarter worth $34,000. Financial & Tax Architects LLC purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at $81,000. Citigroup Inc. lifted its position in shares of Harmony Gold Mining by 59.4% in the third quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after acquiring an additional 7,361 shares in the last quarter. Finally, Symmetry Partners LLC lifted its position in shares of Harmony Gold Mining by 129.0% in the fourth quarter. Symmetry Partners LLC now owns 33,556 shares of the mining company’s stock valued at $206,000 after acquiring an additional 18,900 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Stock Down 0.6 %

NYSE HMY traded down $0.05 during trading hours on Thursday, hitting $8.56. 3,539,151 shares of the company’s stock were exchanged, compared to its average volume of 5,888,041. The business’s 50 day moving average is $7.91 and its 200-day moving average is $6.44. Harmony Gold Mining Company Limited has a 12-month low of $3.41 and a 12-month high of $9.80. 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 Increases Dividend

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

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.