Harmony Gold Mining Co. (HMY) Trading 4.5% Higher
Shares of Harmony Gold Mining Co. (NYSE:HMY) traded up 4.5% during mid-day trading on Wednesday . The company traded as high as $3.55 and last traded at $3.52, with a volume of 2,055,909 shares trading hands. The stock had previously closed at $3.37.
A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 12th. Finally, Citigroup Inc. restated a “sell” rating on shares of Harmony Gold Mining in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Harmony Gold Mining currently has a consensus rating of “Hold” and an average target price of $5.00.
The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 25.37 and a beta of -0.96. The firm has a 50-day moving average price of $4.03 and a 200 day moving average price of $3.77.
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The firm also recently announced a semiannual dividend, which will be paid on Monday, September 26th. Shareholders of record on Friday, September 16th will be issued a $0.0372 dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, September 14th. Harmony Gold Mining’s payout ratio is -4.11%.
Several institutional investors have recently added to or reduced their stakes in HMY. Boothbay Fund Management LLC purchased a new position in Harmony Gold Mining during the first quarter worth about $103,000. Societe Generale purchased a new position in Harmony Gold Mining during the second quarter worth about $121,000. Barclays PLC increased its position in Harmony Gold Mining by 1,457.1% in the second quarter. Barclays PLC now owns 40,485 shares of the mining company’s stock worth $146,000 after buying an additional 37,885 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Harmony Gold Mining during the second quarter worth about $167,000. Finally, Royal Bank of Canada increased its position in Harmony Gold Mining by 4.6% in the first quarter. Royal Bank of Canada now owns 51,965 shares of the mining company’s stock worth $189,000 after buying an additional 2,287 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Company’s operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations.
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