Russell Investments Group Ltd. Has $18.73 Million Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Russell Investments Group Ltd. cut its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,045,971 shares of the mining company’s stock after selling 413,789 shares during the quarter. Russell Investments Group Ltd. owned about 0.49% of Harmony Gold Mining worth $18,733,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. JPMorgan Chase & Co. upped their target price on Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. Finally, HSBC downgraded Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $8.47 on Friday. The stock has a fifty day moving average price of $7.97 and a 200-day moving average price of $6.46. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. Harmony Gold Mining Company Limited has a fifty-two week low of $3.41 and a fifty-two week high of $9.80.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 12th were given a dividend of $0.062 per share. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 11th.

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.