Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.11, but opened at $8.75. Harmony Gold Mining shares last traded at $8.83, with a volume of 1,229,769 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the company an "underweight" rating in a research note on Wednesday, April 17th. HSBC lowered shares of Harmony Gold Mining from a "hold" rating to a "reduce" rating in a research report on Friday, April 19th. Finally, StockNews.com lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a report on Friday, April 12th.
View Our Latest Stock Report on HMY
Harmony Gold Mining Stock Down 6.0 %
The company has a market cap of $5.42 billion, a PE ratio of 7.52 and a beta of 1.71. The stock's 50 day moving average price is $7.79 and its 200-day moving average price is $6.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62.
Harmony Gold Mining Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 12th were given a dividend of $0.062 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 1.2%. This is a boost from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. Harmony Gold Mining's dividend payout ratio is presently 10.53%.
Institutional Investors Weigh In On Harmony Gold Mining
Several institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in Harmony Gold Mining by 30.0% during the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company's stock valued at $612,884,000 after buying an additional 17,298,604 shares during the period. Polunin Capital Partners Ltd boosted its position in Harmony Gold Mining by 10.0% during the 1st quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company's stock valued at $90,553,000 after buying an additional 1,005,685 shares during the period. Kercheville Advisors LLC purchased a new stake in Harmony Gold Mining during the 1st quarter valued at $770,000. Veracity Capital LLC bought a new position in Harmony Gold Mining in the 1st quarter worth $115,000. Finally, Norden Group LLC bought a new position in Harmony Gold Mining in the 1st quarter worth $303,000. Hedge funds and other institutional investors own 31.79% of the company's stock.
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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