Atlas Capital Advisors Inc. Trims Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Atlas Capital Advisors Inc. decreased its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,966 shares of the mining company’s stock after selling 957 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Harmony Gold Mining were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust raised its holdings 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 worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp raised its stake in 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 worth $48,000 after buying an additional 4,081 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Harmony Gold Mining in the fourth quarter worth about $77,000. Alliance Wealth Advisors LLC UT bought a new stake in Harmony Gold Mining during the 4th quarter valued at approximately $88,000. Finally, Private Advisor Group LLC grew its holdings in shares of Harmony Gold Mining by 18.0% during the 4th quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock worth $107,000 after acquiring an additional 1,987 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 11.4 %

Shares of NYSE HMY opened at $12.99 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $15.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The firm has a 50-day moving average of $11.95 and a 200 day moving average of $10.47. The stock has a market cap of $8.24 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1245 per share. This represents a dividend yield of 0.9%. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date of this dividend is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 11.24%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.