EverSource Wealth Advisors LLC Grows Position in Harmony Gold Mining Company Limited (NYSE:HMY)

EverSource Wealth Advisors LLC lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 1,894.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,378 shares of the mining company’s stock after buying an additional 23,156 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Harmony Gold Mining were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HMY. ABC Arbitrage SA bought a new stake in Harmony Gold Mining in the fourth quarter worth $20,229,000. Public Employees Retirement System of Ohio bought a new stake in Harmony Gold Mining in the third quarter worth $1,412,000. Y Intercept Hong Kong Ltd bought a new stake in Harmony Gold Mining in the fourth quarter worth $923,000. HighTower Advisors LLC increased its position in Harmony Gold Mining by 298.5% in the third quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after purchasing an additional 39,237 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in Harmony Gold Mining in the fourth quarter worth $188,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 0.9 %

HMY stock opened at $12.11 on Monday. 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 twelve month low of $7.21 and a twelve month high of $12.49. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The firm’s fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $10.06.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be given a dividend of $0.1245 per share. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date is Friday, April 11th. This represents a yield of 0.9%. Harmony Gold Mining’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

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.