Harmony Gold Mining (NYSE:HMY) Trading 6.9% Higher - Time to Buy?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shot up 6.9% on Monday . The company traded as high as $15.67 and last traded at $15.60. 1,625,845 shares changed hands during trading, a decline of 69% from the average session volume of 5,319,580 shares. The stock had previously closed at $14.59.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Stock Up 0.7%

The firm has a market cap of $9.49 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.63 and a beta of 1.01. The firm's fifty day moving average is $15.33 and its 200 day moving average is $12.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, April 21st. Shareholders 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 an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a yield of 0.9%. Harmony Gold Mining's dividend payout ratio (DPR) is 11.24%.

Hedge Funds Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in Harmony Gold Mining by 4,004.0% during the 1st quarter. Acadian Asset Management LLC now owns 2,460,852 shares of the mining company's stock worth $36,333,000 after purchasing an additional 2,400,889 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company's stock worth $82,289,000 after buying an additional 3,806,468 shares during the period. Jones Financial Companies Lllp increased its position in Harmony Gold Mining by 210.4% during the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company's stock worth $268,000 after buying an additional 12,312 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Harmony Gold Mining during the first quarter worth $659,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Harmony Gold Mining by 30.2% in the first quarter. Advisors Asset Management Inc. now owns 35,783 shares of the mining company's stock valued at $529,000 after acquiring an additional 8,306 shares during the period. 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.