Stifel Financial Corp Grows Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Stifel Financial Corp lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,911 shares of the mining company’s stock after buying an additional 881 shares during the quarter. Stifel Financial Corp’s holdings in Harmony Gold Mining were worth $451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Harmony Gold Mining by 5.5% in the fourth quarter. American Century Companies Inc. now owns 3,312,235 shares of the mining company’s stock worth $27,193,000 after buying an additional 171,282 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Harmony Gold Mining in the fourth quarter worth $20,229,000. Renaissance Technologies LLC purchased a new position in shares of Harmony Gold Mining in the fourth quarter worth $11,903,000. Bridgewater Associates LP raised its stake in Harmony Gold Mining by 72.2% during the fourth quarter. Bridgewater Associates LP now owns 694,309 shares of the mining company’s stock valued at $5,700,000 after purchasing an additional 291,131 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Harmony Gold Mining by 4.1% during the fourth quarter. Vontobel Holding Ltd. now owns 516,166 shares of the mining company’s stock valued at $4,238,000 after purchasing an additional 20,336 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HMY shares. StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Hsbc Global Res raised shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $14.14 on Tuesday. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.63 and a beta of 1.01. The firm’s fifty day moving average is $14.49 and its 200 day moving average is $11.50. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $18.77.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were paid a $0.1245 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a dividend yield of 0.9%. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend 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.