Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $9.76, but opened at $9.99. Harmony Gold Mining shares last traded at $9.92, with a volume of 967,481 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective 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 research report on Friday, April 12th.
Get Our Latest Report on Harmony Gold Mining
Harmony Gold Mining Price Performance
The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The stock's 50-day simple moving average is $8.64 and its two-hundred day simple moving average is $6.86.
Harmony Gold Mining Increases Dividend
The company also recently announced 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. This is a positive change from Harmony Gold Mining's previous Semi-Annual dividend of $0.03. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 1.2%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of HMY. Tidal Investments LLC acquired a new position in shares of Harmony Gold Mining during the first quarter valued at about $59,033,000. Lazard Asset Management LLC acquired a new position in shares of Harmony Gold Mining during the first quarter valued at about $8,171,000. Burns Matteson Capital Management LLC acquired a new position in shares of Harmony Gold Mining during the first quarter valued at about $94,000. Seven Eight Capital LP acquired a new position in shares of Harmony Gold Mining during the first quarter valued at about $553,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Harmony Gold Mining by 123.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 37,960 shares of the mining company's stock valued at $310,000 after buying an additional 20,979 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.
About Harmony Gold Mining
(
Get Free Report)
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
Before you consider Harmony Gold Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Harmony Gold Mining wasn't on the list.
While Harmony Gold Mining currently has a "Strong Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
