Harmony Gold Mining (NYSE:HMY) Shares Gap Down - What's Next?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.77, but opened at $14.46. Harmony Gold Mining shares last traded at $14.39, with a volume of 1,434,175 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HMY shares. Hsbc Global Res raised shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Price Performance

The company has a market cap of $9.11 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The stock has a fifty day moving average price of $14.60 and a 200-day moving average price of $11.53.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were paid a dividend of $0.1245 per share. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date of this dividend was Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining's dividend payout ratio is 11.24%.

Hedge Funds Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMY. Spire Wealth Management bought a new position in Harmony Gold Mining during the first quarter worth $33,000. Grove Bank & Trust raised its position in shares of Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock valued at $41,000 after buying an additional 4,000 shares during the last quarter. Jones Financial Companies Lllp grew its position in Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock worth $48,000 after buying an additional 4,081 shares in the last quarter. Parallel Advisors LLC grew its position in Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after buying an additional 1,961 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Harmony Gold Mining by 165,766.7% in the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after acquiring an additional 4,973 shares during the period. Institutional investors and hedge funds own 31.79% of the company's stock.

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.