Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.62 and last traded at $8.58, with a volume of 2293544 shares trading hands. The stock had previously closed at $8.41.
Analysts Set New Price Targets
HMY has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered shares of Harmony Gold Mining from a "neutral" rating to an "underweight" rating in a research report on Tuesday, December 12th. StockNews.com upgraded shares of Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $3.40.
View Our Latest Stock Analysis on HMY
Harmony Gold Mining Price Performance
The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $6.72 and its two-hundred day moving average price is $5.77.
Harmony Gold Mining Increases Dividend
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 12th will be issued a $0.062 dividend. This represents a dividend yield of 1.2%. This is a positive change from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. The ex-dividend date is Thursday, April 11th.
Institutional Investors Weigh In On Harmony Gold Mining
A number of hedge funds have recently made changes to their positions in HMY. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Harmony Gold Mining during the 4th quarter valued at $3,075,000. Wellington Management Group LLP bought a new stake in Harmony Gold Mining during the 4th quarter valued at $4,667,000. Virtu Financial LLC raised its holdings in Harmony Gold Mining by 114.6% during the 4th quarter. Virtu Financial LLC now owns 79,441 shares of the mining company's stock valued at $489,000 after buying an additional 42,416 shares during the last quarter. Barclays PLC raised its holdings in Harmony Gold Mining by 1,156.6% during the 4th quarter. Barclays PLC now owns 435,555 shares of the mining company's stock valued at $2,679,000 after buying an additional 400,894 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Harmony Gold Mining during the 4th quarter valued at $3,799,000. 31.79% of the stock is currently owned by institutional investors.
Harmony Gold Mining Company Profile
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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.
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