Harmony Gold Mining Co. (NYSE:HMY) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

Several analysts have recently issued reports on HMY shares. Zacks Investment Research cut Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Macquarie raised Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. JPMorgan Chase & Co. raised Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 12th. Finally, TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, July 14th.

Shares of Harmony Gold Mining (NYSE:HMY) traded up 3.412% during midday trading on Wednesday, reaching $3.485. 1,921,219 shares of the company were exchanged. Harmony Gold Mining has a 12-month low of $0.53 and a 12-month high of $4.87. The company has a 50 day moving average price of $4.03 and a 200-day moving average price of $3.77. The stock has a market capitalization of $1.52 billion, a P/E ratio of 23.707 and a beta of -0.96.

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The business also recently declared a semiannual dividend, which will be paid on Monday, September 26th. Investors of record on Friday, September 16th will be issued a dividend of $0.0372 per share. The ex-dividend date is Wednesday, September 14th. This represents a yield of 1.9%. Harmony Gold Mining’s payout ratio is presently -4.11%.

Hedge funds have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd bought a new stake in Harmony Gold Mining during the first quarter valued at $223,441,000. Van ECK Associates Corp increased its position in shares of Harmony Gold Mining by 4.1% in the second quarter. Van ECK Associates Corp now owns 45,763,640 shares of the mining company’s stock valued at $165,207,000 after buying an additional 1,798,575 shares during the period. Renaissance Technologies LLC increased its position in shares of Harmony Gold Mining by 30.7% in the first quarter. Renaissance Technologies LLC now owns 12,358,919 shares of the mining company’s stock valued at $44,986,000 after buying an additional 2,901,720 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Harmony Gold Mining by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,897,893 shares of the mining company’s stock valued at $32,120,000 after buying an additional 719,288 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Harmony Gold Mining by 125.3% in the second quarter. Acadian Asset Management LLC now owns 8,588,571 shares of the mining company’s stock valued at $31,005,000 after buying an additional 4,776,562 shares during the period. 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.

5 Day Chart for NYSE:HMY

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