Raymond James Financial Inc. Makes New $624,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Raymond James Financial Inc. bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 75,976 shares of the mining company’s stock, valued at approximately $624,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE raised its position in shares of Harmony Gold Mining by 12.3% in the 4th 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 in the last quarter. Ballentine Partners LLC increased its holdings in Harmony Gold Mining by 12.2% in the fourth quarter. Ballentine Partners LLC now owns 14,048 shares of the mining company’s stock valued at $115,000 after buying an additional 1,533 shares during the last quarter. SG Americas Securities LLC raised its stake in Harmony Gold Mining by 3.8% during the fourth quarter. SG Americas Securities LLC now owns 52,524 shares of the mining company’s stock valued at $431,000 after buying an additional 1,919 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Harmony Gold Mining by 18.0% during 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. Finally, Diversify Advisory Services LLC grew its position in shares of Harmony Gold Mining by 9.1% in the 4th quarter. Diversify Advisory Services LLC now owns 25,848 shares of the mining company’s stock worth $235,000 after acquiring an additional 2,163 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Harmony Gold Mining Trading Down 11.4 %

Shares of NYSE HMY opened at $12.99 on Monday. The stock’s 50 day simple moving average is $11.95 and its 200 day simple moving average is $10.48. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $15.22. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Increases Dividend

The business 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 boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, April 11th. Harmony Gold Mining’s payout ratio 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.