Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $9.31 and last traded at $9.21, with a volume of 1069767 shares. The stock had previously closed at $8.93.
Analyst Upgrades and Downgrades
HMY has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded shares of Harmony Gold Mining from a "neutral" rating to an "underweight" rating in a research report on Tuesday, December 12th. StockNews.com raised shares of Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $3.40.
Read Our Latest Analysis on HMY
Harmony Gold Mining Stock Up 1.1 %
The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62. The company's fifty day moving average is $6.88 and its 200-day moving average is $5.87.
Harmony Gold Mining Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 12th will be issued a dividend of $0.062 per share. This is an increase from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th.
Institutional Trading of Harmony Gold Mining
Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $32,000. Fifth Third Bancorp acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $34,000. Point72 Middle East FZE acquired a new position in shares of Harmony Gold Mining in the 2nd quarter valued at $38,000. LPL Financial LLC acquired a new position in shares of Harmony Gold Mining in the 3rd quarter valued at $38,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Harmony Gold Mining by 137.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,273 shares of the mining company's stock valued at $43,000 after buying an additional 5,948 shares in the last quarter. 31.79% of the stock is 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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