Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 6.5% during the fourth quarter, HoldingsChannel reports. The firm owned 740,852 shares of the mining company’s stock after selling 51,411 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Harmony Gold Mining were worth $6,082,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Grove Bank & Trust increased its position in Harmony Gold Mining by 400.0% in the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Harmony Gold Mining by 230.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after purchasing an additional 4,081 shares during the period. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth approximately $88,000. Private Advisor Group LLC lifted its holdings in shares of Harmony Gold Mining by 18.0% during the fourth quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock worth $107,000 after purchasing an additional 1,987 shares during the period. Finally, US Bancorp DE increased its stake in Harmony Gold Mining by 12.3% in the 4th quarter. US Bancorp DE now owns 13,801 shares of the mining company’s stock valued at $113,000 after buying an additional 1,514 shares during the period. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 0.9 %

HMY opened at $12.11 on Friday. The business has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $10.06. Harmony Gold Mining Company Limited has a 12 month low of $7.21 and a 12 month high of $12.49. The stock has a market capitalization of $7.68 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Increases Dividend

The business also recently announced 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 positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. The ex-dividend date is Friday, April 11th. Harmony Gold Mining’s payout ratio is presently 11.24%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note 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.