JPMorgan Chase & Co. Raises Harmony Gold Mining (NYSE:HMY) Price Target to $4.90

Harmony Gold Mining (NYSE:HMY - Free Report) had its price objective upped by JPMorgan Chase & Co. from $3.20 to $4.90 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an underweight rating on the mining company's stock.

Separately, StockNews.com lowered Harmony Gold Mining from a strong-buy rating to a buy rating in a research note on Friday, April 12th.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY traded up $0.05 during midday trading on Wednesday, hitting $9.13. The company had a trading volume of 5,822,290 shares, compared to its average volume of 5,980,820. 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 business has a 50-day simple moving average of $7.33 and a two-hundred day simple moving average of $6.13. Harmony Gold Mining has a twelve month low of $3.41 and a twelve month high of $9.80.

Harmony Gold Mining Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 12th will be issued a $0.062 dividend. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Harmony Gold Mining's previous Semi-Annual dividend of $0.03.

Institutional Investors Weigh In On Harmony Gold Mining

A number of large investors have recently bought and sold shares of HMY. GAMMA Investing LLC purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $32,000. Fifth Third Bancorp acquired a new position in Harmony Gold Mining in the 4th quarter valued at $34,000. St. Johns Investment Management Company LLC purchased a new position in shares of Harmony Gold Mining during the 1st quarter worth $52,000. Atlas Capital Advisors LLC purchased a new position in shares of Harmony Gold Mining during the 1st quarter worth $61,000. Finally, Point72 Middle East FZE acquired a new stake in shares of Harmony Gold Mining during the second quarter worth $38,000. Institutional investors and hedge funds own 31.79% of the company's stock.

About Harmony Gold Mining

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.