Harmony Gold Mining Company Limited (NYSE:HMY) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Harmony Gold Mining has a “Moderate Buy” consensus rating from five analysts: two rate it a buy, one a strong buy, and two recommend holding the stock.
• HMY shares opened at $17.98, with a 52-week range of $13.03 to $26.06; the stock’s 50-day and 200-day moving averages were $19.19 and $17.18, respectively.
• The company declared a $0.4611 dividend payable October 19 to shareholders of record October 9, while institutional investors own approximately 31.79% of the stock.

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

HMY has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Wall Street Zen raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Sunday, September 6th. Finally, Zacks Research upgraded shares of Harmony Gold Mining to a "hold" rating in a report on Tuesday, September 8th.

Harmony Gold Mining Trading Up 1.4%

Shares of NYSE:HMY opened at $17.98 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.64. Harmony Gold Mining has a one year low of $13.03 and a one year high of $26.06. The company's fifty day moving average price is $19.19 and its 200-day moving average price is $17.18.

Harmony Gold Mining Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, October 19th. Investors of record on Friday, October 9th will be paid a $0.4611 dividend. The ex-dividend date is Friday, October 9th. This represents a yield of 481.0%.

Institutional Investors Weigh In On Harmony Gold Mining

Institutional investors have recently made changes to their positions in the company. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at $36,000. Ascentis Independent Advisors purchased a new position in Harmony Gold Mining in the 1st quarter worth about $28,000. Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the 1st quarter worth about $33,000. Bartlett & CO. Wealth Management LLC bought a new position in Harmony Gold Mining during the 1st quarter valued at about $34,000. Finally, Parallel Advisors LLC lifted its stake in Harmony Gold Mining by 15.5% during the 1st quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company's stock valued at $98,000 after acquiring an additional 852 shares during the period. Hedge funds and other institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony's operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.

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