Harmony Gold Mining Company Limited (NYSE:HMY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Moderate Buy — six analysts cover HMY (1 sell, 2 hold, 2 buy, 1 strong buy) with an average 12‑month target price of $16.00.
• Dividend declared: Harmony paid a $0.3124 dividend to holders of record April 24 (paid May 5); the report lists a 372.0% yield, which appears anomalous.
• Shares opened at $15.57, trading within a one‑year range of $12.58–$26.06 and currently below the 50‑day ($17.16) and 200‑day ($18.90) moving averages; institutional investors own about 31.8% of the stock.

Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.00.

Several brokerages have recently issued reports on HMY. Weiss Ratings reiterated a "buy (b)" rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. Zacks Research cut shares of Harmony Gold Mining from a "hold" rating to a "strong sell" rating in a research note on Monday, April 27th. Finally, Morgan Stanley raised shares of Harmony Gold Mining to an "overweight" rating in a research report on Thursday, April 16th.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $15.57 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining has a one year low of $12.58 and a one year high of $26.06. The business's 50-day moving average price is $17.16 and its two-hundred day moving average price is $18.90.

Harmony Gold Mining Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 5th. Investors of record on Friday, April 24th will be paid a $0.3124 dividend. This represents a dividend yield of 372.0%. The ex-dividend date of this dividend is Friday, April 24th.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds have recently bought and sold shares of the business. Diversify Wealth Management LLC lifted its position in shares of Harmony Gold Mining by 35.1% in the first quarter. Diversify Wealth Management LLC now owns 187,697 shares of the mining company's stock worth $2,827,000 after buying an additional 48,810 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company's stock valued at $6,116,000 after acquiring an additional 131,538 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Harmony Gold Mining by 37.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,040 shares of the mining company's stock valued at $247,000 after acquiring an additional 4,328 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Harmony Gold Mining in the 1st quarter valued at approximately $28,000. Finally, Wealthstar Advisors LLC acquired a new stake in Harmony Gold Mining in the 1st quarter worth approximately $970,000. 31.79% of the stock is owned by institutional investors and hedge funds.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

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