Harmony Gold Mining Co. (HMY) Short Interest Up 98.5% in September
Harmony Gold Mining Co. (NYSE:HMY) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 6,336,123 shares, a growth of 98.5% from the September 15th total of 3,191,317 shares. Based on an average daily volume of 4,745,540 shares, the days-to-cover ratio is presently 1.3 days.
Shares of Harmony Gold Mining (NYSE:HMY) opened at 2.94 on Monday. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.22 and a beta of -1.24. The company’s 50-day moving average price is $3.47 and its 200 day moving average price is $3.72. Harmony Gold Mining has a one year low of $0.53 and a one year high of $4.87.
The firm also recently declared a semiannual dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 16th were issued a dividend of $0.0372 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a yield of 1.9%. Harmony Gold Mining’s dividend payout ratio is presently -5.48%.
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A number of large investors have recently bought and sold shares of the stock. Creative Planning boosted its stake in Harmony Gold Mining by 731.2% in the third quarter. Creative Planning now owns 250,178 shares of the mining company’s stock worth $873,000 after buying an additional 220,079 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Harmony Gold Mining by 4.6% in the third quarter. BNP Paribas Arbitrage SA now owns 116,948 shares of the mining company’s stock worth $408,000 after buying an additional 5,113 shares in the last quarter. Royal Bank of Canada boosted its stake in Harmony Gold Mining by 199.6% in the second quarter. Royal Bank of Canada now owns 155,677 shares of the mining company’s stock worth $561,000 after buying an additional 103,712 shares in the last quarter. American Century Companies Inc. acquired a new stake in Harmony Gold Mining during the second quarter worth approximately $662,000. Finally, Numeric Investors LLC boosted its stake in Harmony Gold Mining by 80.6% in the second quarter. Numeric Investors LLC now owns 5,213,101 shares of the mining company’s stock worth $18,819,000 after buying an additional 2,326,837 shares in the last quarter. 26.06% of the stock is currently owned by institutional investors and hedge funds.
HMY has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 12th. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Tuesday, July 12th. Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Macquarie upgraded Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Harmony Gold Mining presently has a consensus rating of “Hold” and an average price target of $5.00.
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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