GAMMA Investing LLC Invests $32,000 in Harmony Gold Mining Company Limited (NYSE:HMY)

GAMMA Investing LLC acquired a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,126 shares of the mining company’s stock, valued at approximately $32,000.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in Harmony Gold Mining in the 4th quarter valued at $34,000. Citigroup Inc. grew its position in Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after purchasing an additional 7,361 shares during the period. Financial & Tax Architects LLC acquired a new stake in Harmony Gold Mining in the 4th quarter valued at $81,000. Aigen Investment Management LP grew its position in Harmony Gold Mining by 14.7% in the 3rd quarter. Aigen Investment Management LP now owns 51,170 shares of the mining company’s stock valued at $192,000 after purchasing an additional 6,561 shares during the period. Finally, Symmetry Partners LLC grew its position in Harmony Gold Mining by 129.0% in the 4th quarter. Symmetry Partners LLC now owns 33,556 shares of the mining company’s stock valued at $206,000 after purchasing an additional 18,900 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports 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 research report on Wednesday, April 17th. StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Finally, HSBC downgraded shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th.

Harmony Gold Mining Price Performance

HMY opened at $8.57 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $8.03 and its two-hundred day moving average price is $6.50. Harmony Gold Mining Company Limited has a 1 year low of $3.41 and a 1 year high of $9.80.

Harmony Gold Mining Increases Dividend

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

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.