Harmony Gold Mining (NYSE:HMY) Shares Gap Down - Here's What Happened

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $15.45, but opened at $14.95. Harmony Gold Mining shares last traded at $14.74, with a volume of 941,405 shares.

Wall Street Analysts Forecast Growth

HMY has been the subject of several research analyst reports. Wall Street Zen raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Hsbc Global Res upgraded shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th.

Harmony Gold Mining Stock Performance

The stock's 50-day moving average is $15.35 and its 200-day moving average is $12.03. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.63 and a beta of 1.01. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Increases Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Large investors have recently modified their holdings of the company. Spire Wealth Management acquired a new stake in shares of Harmony Gold Mining during the first quarter worth $33,000. Jones Financial Companies Lllp raised its holdings 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 during the last quarter. Parallel Advisors LLC raised its holdings in shares of Harmony Gold Mining by 71.4% in the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after purchasing an additional 1,961 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Harmony Gold Mining by 165,766.7% in the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock valued at $73,000 after purchasing an additional 4,973 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $75,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.