Renaissance Technologies LLC Invests $11.90 Million in Harmony Gold Mining Company Limited (NYSE:HMY)

Renaissance Technologies LLC acquired a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,449,786 shares of the mining company’s stock, valued at approximately $11,903,000. Renaissance Technologies LLC owned approximately 0.23% of Harmony Gold Mining as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its position in Harmony Gold Mining by 5.5% during the fourth quarter. American Century Companies Inc. now owns 3,312,235 shares of the mining company’s stock valued at $27,193,000 after buying an additional 171,282 shares during the period. ABC Arbitrage SA bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $20,229,000. Vontobel Holding Ltd. boosted its holdings in Harmony Gold Mining by 4.1% during the 4th quarter. Vontobel Holding Ltd. now owns 516,166 shares of the mining company’s stock valued at $4,238,000 after acquiring an additional 20,336 shares during the period. Schroder Investment Management Group grew its position in Harmony Gold Mining by 18.3% during the 4th quarter. Schroder Investment Management Group now owns 398,580 shares of the mining company’s stock worth $3,244,000 after acquiring an additional 61,541 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Harmony Gold Mining in the 4th quarter worth approximately $2,016,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $17.37 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a market cap of $11.02 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $17.64. The company has a 50-day moving average price of $12.63 and a 200-day moving average price of $10.76.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be given a $0.1245 dividend. 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 of this dividend is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is currently 11.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Harmony Gold Mining 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.