Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Rating of "Hold" by Brokerages

Key Points

• Harmony Gold Mining Company Limited has received an average rating of "Hold" from eight research firms, with the stock currently having a 1-year target price of $12.20.
• The company announced a semi-annual dividend of $0.0893, with an impressive yield of 98.0%, payable to stockholders on October 20th.
• Recent institutional activity shows increased stakes in Harmony Gold, with notable investments from firms like Parallel Advisors LLC and GAMMA Investing LLC.

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) has earned an average rating of "Hold" from the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.20.

A number of brokerages recently weighed in on HMY. BMO Capital Markets assumed coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price target on the stock. HSBC upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Thursday, October 9th. Hsbc Global Res upgraded Harmony Gold Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 9th. Investec raised Harmony Gold Mining to a "hold" rating in a research report on Friday. Finally, Zacks Research downgraded Harmony Gold Mining from a "hold" rating to a "strong sell" rating in a research note on Monday, September 22nd.

Institutional Trading of Harmony Gold Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in shares of Harmony Gold Mining by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company's stock valued at $77,000 after acquiring an additional 788 shares during the last quarter. GAMMA Investing LLC increased its stake in Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after purchasing an additional 866 shares in the last quarter. Personal CFO Solutions LLC increased its position in shares of Harmony Gold Mining by 4.6% in the 2nd quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company's stock valued at $318,000 after buying an additional 993 shares in the last quarter. Profund Advisors LLC increased its position in shares of Harmony Gold Mining by 1.9% in the 2nd quarter. Profund Advisors LLC now owns 59,968 shares of the mining company's stock valued at $838,000 after buying an additional 1,126 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Harmony Gold Mining by 13.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company's stock valued at $147,000 after buying an additional 1,280 shares in the last quarter. Institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Price Performance

HMY opened at $19.56 on Wednesday. Harmony Gold Mining has a fifty-two week low of $7.97 and a fifty-two week high of $20.04. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.16 and a beta of 0.79. The company's 50-day moving average price is $16.15 and its 200 day moving average price is $15.33.

Harmony Gold Mining Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 10th will be paid a $0.0893 dividend. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 98.0%. Harmony Gold Mining's payout ratio is 8.28%.

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.

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