Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.09, but opened at $8.38. Harmony Gold Mining shares last traded at $8.45, with a volume of 1,203,107 shares traded.
Analysts Set New Price Targets
HMY has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Harmony Gold Mining from a "neutral" rating to an "underweight" rating in a research report on Tuesday, December 12th. StockNews.com upgraded Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research report on Friday. Two investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.40.
Check Out Our Latest Analysis on Harmony Gold Mining
Harmony Gold Mining Stock Up 4.0 %
The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a 50-day simple moving average of $6.61 and a 200 day simple moving average of $5.72.
Harmony Gold Mining Increases Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 12th will be paid a $0.062 dividend. This is a boost from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.2%.
Institutional Investors Weigh In On Harmony Gold Mining
Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in Harmony Gold Mining by 7.8% during the fourth quarter. Van ECK Associates Corp now owns 57,717,855 shares of the mining company's stock worth $354,965,000 after purchasing an additional 4,163,528 shares during the period. Exor Capital LLP grew its stake in Harmony Gold Mining by 11.5% during the fourth quarter. Exor Capital LLP now owns 29,744,388 shares of the mining company's stock worth $119,549,000 after purchasing an additional 3,079,485 shares during the period. Dimensional Fund Advisors LP grew its stake in Harmony Gold Mining by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,238,873 shares of the mining company's stock worth $50,668,000 after purchasing an additional 42,126 shares during the period. BlackRock Inc. grew its stake in Harmony Gold Mining by 3.5% during the first quarter. BlackRock Inc. now owns 6,799,743 shares of the mining company's stock worth $27,879,000 after purchasing an additional 227,570 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Harmony Gold Mining by 542.6% during the second quarter. Renaissance Technologies LLC now owns 3,545,720 shares of the mining company's stock worth $11,098,000 after purchasing an additional 2,993,900 shares during the period. 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.
Further Reading
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