Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.84 and last traded at $9.74, with a volume of 2359149 shares changing hands. The stock had previously closed at $9.35.
Analysts Set New Price Targets
A number of research firms have commented on HMY. StockNews.com downgraded shares of Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 12th. HSBC downgraded Harmony Gold Mining from a "hold" rating to a "reduce" rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price target on Harmony Gold Mining from $3.20 to $4.90 and gave the company an "underweight" rating in a research report on Wednesday, April 17th.
Check Out Our Latest Stock Analysis on HMY
Harmony Gold Mining Stock 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 company's 50 day moving average price is $8.54 and its 200-day moving average price is $6.75.
Harmony Gold Mining Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were given a dividend of $0.062 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Thursday, April 11th. This is an increase from Harmony Gold Mining's previous Semi-Annual dividend of $0.03.
Hedge Funds Weigh In On Harmony Gold Mining
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at $32,000. Fifth Third Bancorp bought a new position in Harmony Gold Mining during the fourth quarter valued at approximately $34,000. St. Johns Investment Management Company LLC acquired a new stake in Harmony Gold Mining in the first quarter valued at approximately $52,000. Atlas Capital Advisors LLC bought a new stake in Harmony Gold Mining in the first quarter worth approximately $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Harmony Gold Mining during the 1st quarter worth $77,000. Institutional investors and hedge funds own 31.79% of the company's stock.
About Harmony Gold Mining
(
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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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