Harmony Gold Mining (NYSE:HMY) Shares Gap Up - Still a Buy?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $17.55, but opened at $18.61. Harmony Gold Mining shares last traded at $18.19, with a volume of 1,181,615 shares.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Price Performance

The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $9.76 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.63 and a beta of 1.42. The company has a 50 day moving average of $13.44 and a 200-day moving average of $11.14.

Harmony Gold Mining Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Investors of record on Friday, April 11th were given a $0.1245 dividend. The ex-dividend date was Friday, April 11th. This represents a dividend yield of 0.9%. This is a boost from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's dividend payout ratio (DPR) is presently 11.24%.

Institutional Trading of Harmony Gold Mining

Large investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new position in Harmony Gold Mining during the first quarter worth about $33,000. Grove Bank & Trust grew its stake 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 worth $41,000 after buying an additional 4,000 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of 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 lifted its stake in shares of Harmony Gold Mining by 71.4% in the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after acquiring an additional 1,961 shares during the last quarter. Finally, Optiver Holding B.V. bought a new stake in Harmony Gold Mining during the 4th quarter worth $75,000. Institutional investors and hedge funds own 31.79% of the company's stock.

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.