Bridgewater Associates LP Acquires 103,608 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Bridgewater Associates LP increased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 403,178 shares of the mining company’s stock after acquiring an additional 103,608 shares during the period. Bridgewater Associates LP owned about 0.06% of Harmony Gold Mining worth $4,100,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in Harmony Gold Mining in the 2nd quarter valued at $41,000. Diversified Trust Co bought a new stake in Harmony Gold Mining in the second quarter valued at $93,000. Wallace Advisory Group LLC acquired a new position in Harmony Gold Mining during the second quarter worth $94,000. Finally, Ballentine Partners LLC bought a new position in shares of Harmony Gold Mining during the second quarter valued at $112,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HMY shares. StockNews.com cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Bank of America started coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Trading Up 1.4 %

Shares of HMY stock opened at $9.20 on Friday. Harmony Gold Mining Company Limited has a 52 week low of $5.40 and a 52 week high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock’s fifty day moving average is $10.23 and its 200-day moving average is $9.71.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 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.