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

Bridgewater Associates LP lifted its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 34.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,178 shares of the mining company’s stock after acquiring an additional 103,608 shares during the quarter. Bridgewater Associates LP’s holdings in Harmony Gold Mining were worth $4,100,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cetera Investment Advisers bought a new stake in Harmony Gold Mining during the 1st quarter worth about $2,097,000. QRG Capital Management Inc. raised its stake in shares of Harmony Gold Mining by 37.8% during the second quarter. QRG Capital Management Inc. now owns 14,656 shares of the mining company’s stock worth $134,000 after buying an additional 4,021 shares during the last quarter. Diversified Trust Co acquired a new position in Harmony Gold Mining in the second quarter valued at approximately $93,000. Assenagon Asset Management S.A. bought a new position in Harmony Gold Mining in the second quarter valued at approximately $1,386,000. Finally, Blue Trust Inc. grew its holdings in Harmony Gold Mining by 1,190.1% during the 2nd quarter. Blue Trust Inc. now owns 15,430 shares of the mining company’s stock worth $141,000 after acquiring an additional 14,234 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Trading Up 1.4 %

Shares of Harmony Gold Mining stock opened at $9.20 on Friday. Harmony Gold Mining Company Limited has a 12 month low of $5.40 and a 12 month high of $12.29. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $10.23 and its 200 day simple moving average is $9.71.

Harmony Gold Mining Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, October 11th.

Analyst Ratings Changes

HMY has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Bank of America began coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday.

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.