Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s stock price shot up 5% during trading on Friday . The stock traded as high as $9.70 and last traded at $9.70. Approximately 1,451,060 shares changed hands during trading, a decline of 75% from the average daily volume of 5,762,832 shares. The stock had previously closed at $9.24.
Analysts Set New Price Targets
Separately, StockNews.com raised Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $3.40.
View Our Latest Stock Report on HMY
Harmony Gold Mining Stock Down 1.5 %
The stock has a 50 day moving average price of $7.09 and a two-hundred day moving average price of $5.98. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.
Harmony Gold Mining Increases Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 12th will be given a dividend of $0.062 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Harmony Gold Mining's previous Semi-Annual dividend of $0.03.
Institutional Investors Weigh In On Harmony Gold Mining
A number of institutional investors and hedge funds have recently bought and sold shares of HMY. Envestnet Asset Management Inc. acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $182,000. JPMorgan Chase & Co. lifted its position in Harmony Gold Mining by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 655,791 shares of the mining company's stock valued at $3,299,000 after purchasing an additional 22,584 shares during the period. Raymond James & Associates purchased a new stake in Harmony Gold Mining in the 1st quarter valued at approximately $156,000. Bank of New York Mellon Corp acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at approximately $67,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Harmony Gold Mining in the first quarter valued at approximately $71,000. 31.79% of the stock is owned by hedge funds and other institutional investors.
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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