Mercer Global Advisors Inc. ADV Buys Shares of 20,699 Harmony Gold Mining Company Limited (NYSE:HMY)

Mercer Global Advisors Inc. ADV bought a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 20,699 shares of the mining company’s stock, valued at approximately $170,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HMY. ABC Arbitrage SA purchased a new position in Harmony Gold Mining in the fourth quarter valued at about $20,229,000. Renaissance Technologies LLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $11,903,000. Marshall Wace LLP grew its stake in shares of Harmony Gold Mining by 1,465.3% during the fourth quarter. Marshall Wace LLP now owns 388,204 shares of the mining company’s stock worth $3,187,000 after acquiring an additional 363,404 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Harmony Gold Mining by 72.2% during the fourth quarter. Bridgewater Associates LP now owns 694,309 shares of the mining company’s stock worth $5,700,000 after acquiring an additional 291,131 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $2,016,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 0.2%

Harmony Gold Mining stock opened at $14.45 on Friday. 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. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The stock has a 50-day moving average price of $14.71 and a 200 day moving average price of $11.58.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 11th were issued a dividend of $0.1245 per share. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date was Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is 11.24%.

Wall Street Analyst Weigh In

HMY has been the topic of a number of research analyst reports. Hsbc Global Res upgraded Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. StockNews.com upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

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.