Intelligence Driven Advisers LLC Takes $67,000 Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Intelligence Driven Advisers LLC purchased a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,789 shares of the mining company’s stock, valued at approximately $67,000.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of Harmony Gold Mining during the 4th quarter valued at $1,723,000. Citigroup Inc. grew its holdings in shares of Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after acquiring an additional 7,361 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Harmony Gold Mining in the 4th quarter worth $34,000. Rathbones Group PLC grew its holdings in shares of Harmony Gold Mining by 977.4% in the 3rd quarter. Rathbones Group PLC now owns 126,060 shares of the mining company’s stock worth $475,000 after acquiring an additional 114,360 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Harmony Gold Mining by 26.2% in the 3rd quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock worth $10,342,000 after acquiring an additional 571,247 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com cut Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. HSBC cut Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their target price on Harmony Gold Mining from $3.20 to $4.90 and gave the stock an “underweight” rating in a report on Wednesday, April 17th.

Harmony Gold Mining Price Performance

Shares of Harmony Gold Mining stock traded down $0.05 during midday trading on Thursday, hitting $8.56. The company’s stock had a trading volume of 3,539,151 shares, compared to its average volume of 5,888,041. The stock has a 50-day simple moving average of $7.91 and a 200-day simple moving average of $6.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62. 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 given a $0.062 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 11th. This is a boost from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.

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.