Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Makes New $539,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 65,700 shares of the mining company’s stock, valued at approximately $539,000. Harmony Gold Mining makes up about 1.6% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Harmony Gold Mining during the fourth quarter worth $174,000. Raymond James Financial Inc. purchased a new stake in Harmony Gold Mining in the fourth quarter valued at $624,000. Walleye Capital LLC purchased a new stake in Harmony Gold Mining in the fourth quarter valued at $985,000. ABC Arbitrage SA purchased a new stake in Harmony Gold Mining in the fourth quarter valued at $20,229,000. Finally, Summit Financial LLC purchased a new stake in Harmony Gold Mining in the fourth quarter valued at $1,233,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY stock opened at $15.84 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.05 billion, a PE ratio of 9.37, a P/E/G ratio of 0.63 and a beta of 1.01. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $18.77. The business’s fifty day moving average price is $15.02 and its 200 day moving average price is $11.73.

Harmony Gold Mining Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Hsbc Global Res upgraded Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 17th.

About Harmony Gold Mining

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.