HighTower Advisors LLC Buys 7,144 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

HighTower Advisors LLC raised its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 13.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,527 shares of the mining company’s stock after acquiring an additional 7,144 shares during the quarter. HighTower Advisors LLC’s holdings in Harmony Gold Mining were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of HMY. Grove Bank & Trust lifted its position 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 valued at $41,000 after buying an additional 4,000 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Harmony Gold Mining by 230.3% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,081 shares during the period. Alliance Wealth Advisors LLC UT purchased a new stake in Harmony Gold Mining during the fourth quarter valued at about $88,000. Private Advisor Group LLC increased its stake in shares of Harmony Gold Mining by 18.0% in the fourth quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock worth $107,000 after purchasing an additional 1,987 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Harmony Gold Mining by 12.3% in the fourth quarter. US Bancorp DE now owns 13,801 shares of the mining company’s stock valued at $113,000 after purchasing an additional 1,514 shares during the period. 31.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Harmony Gold Mining Stock Up 9.6 %

HMY stock opened at $14.08 on Monday. Harmony Gold Mining Company Limited has a twelve month low of $7.97 and a twelve month high of $14.38. The firm has a market capitalization of $8.93 billion, a PE ratio of 8.33, a PEG ratio of 0.63 and a beta of 1.85. 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 stock has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $10.31.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be paid a dividend of $0.1245 per share. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date is Friday, April 11th. This represents a yield of 0.9%. Harmony Gold Mining’s dividend payout ratio (DPR) is currently 11.24%.

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.