Polunin Capital Partners Ltd Has $61.98 Million Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Polunin Capital Partners Ltd lessened its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,077,884 shares of the mining company’s stock after selling 220,500 shares during the period. Harmony Gold Mining makes up approximately 11.6% of Polunin Capital Partners Ltd’s investment portfolio, making the stock its 2nd largest position. Polunin Capital Partners Ltd owned about 1.63% of Harmony Gold Mining worth $61,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Harmony Gold Mining in the fourth quarter valued at approximately $34,000. Point72 Middle East FZE bought a new stake in shares of Harmony Gold Mining in the second quarter valued at approximately $38,000. LPL Financial LLC bought a new stake in shares of Harmony Gold Mining in the third quarter valued at approximately $38,000. Advisor Group Holdings Inc. boosted its stake in shares of Harmony Gold Mining by 378.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 11,714 shares of the mining company’s stock valued at $39,000 after buying an additional 9,264 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Harmony Gold Mining by 137.5% in the second quarter. PNC Financial Services Group Inc. now owns 10,273 shares of the mining company’s stock valued at $43,000 after buying an additional 5,948 shares during the period. Institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Harmony Gold Mining from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. StockNews.com upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $3.40.

Harmony Gold Mining Trading Up 2.9 %

Shares of NYSE:HMY traded up $0.25 during trading on Friday, hitting $8.84. 8,173,980 shares of the company were exchanged, compared to its average volume of 7,716,164. The business’s 50 day moving average is $6.82 and its 200-day moving average is $5.83. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Harmony Gold Mining Company Limited has a 1-year low of $3.41 and a 1-year high of $8.94.

Harmony Gold Mining Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 12th will be issued a dividend of $0.062 per share. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. This represents a dividend yield of 1.2%.

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.