Harmony Gold Mining Company Limited (NYSE:HMY) Receives $12.20 Consensus PT from Analysts

Key Points

• Harmony Gold Mining Company Limited has received a consensus rating of "Hold" from analysts, with an average price target of $12.20 over the next year.
• The company recently announced a semi-annual dividend of $0.0893 per share, to be paid on October 20th, which reflects a notable dividend yield of 120.0%.
• Shares of Harmony Gold are currently trading at $16.87 after an increase of 12.8%, with a market capitalization of $10.71 billion.

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) has been assigned a consensus rating of "Hold" from the five brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $12.20.

Several equities analysts have recently issued reports on the company. Zacks Research lowered Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. BMO Capital Markets began 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 for the company.

Harmony Gold Mining Price Performance

Shares of HMY stock traded up $0.88 during trading hours on Friday, hitting $18.49. 4,246,961 shares of the company's stock were exchanged, compared to its average volume of 6,031,085. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 12-month low of $7.97 and a 12-month high of $18.77. The business's 50 day simple moving average is $14.88 and its 200-day simple moving average is $14.70. The company has a market capitalization of $11.74 billion, a PE ratio of 10.94, a PEG ratio of 0.14 and a beta of 0.80.

Harmony Gold Mining Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 10th will be given a dividend of $0.0893 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 120.0%. Harmony Gold Mining's dividend payout ratio is presently 11.24%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HMY. Bank of America Corp DE increased its position in shares of Harmony Gold Mining by 4.9% in the fourth quarter. Bank of America Corp DE now owns 1,235,498 shares of the mining company's stock valued at $10,143,000 after buying an additional 58,138 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $132,000. Two Sigma Investments LP lifted its stake in shares of Harmony Gold Mining by 274.0% in the 4th quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company's stock valued at $4,092,000 after purchasing an additional 365,132 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of Harmony Gold Mining by 9.5% in the 4th quarter. Two Sigma Advisers LP now owns 145,100 shares of the mining company's stock valued at $1,191,000 after purchasing an additional 12,600 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Harmony Gold Mining in the fourth quarter valued at approximately $279,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

About Harmony Gold Mining

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.