Harmony Gold Mining Company Limited (NYSE:HMY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $16.00.

A number of equities research analysts have recently issued reports on HMY shares. Wall Street Zen cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th.

Harmony Gold Mining Stock Down 0.3%

Shares of HMY stock opened at $16.96 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $16.90 and its 200-day moving average is $18.71. Harmony Gold Mining has a 52-week low of $12.58 and a 52-week high of $26.06.

Harmony Gold Mining Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were issued a $0.3124 dividend. This represents a dividend yield of 372.0%. The ex-dividend date of this dividend was Friday, April 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HMY. Jones Financial Companies Lllp raised its holdings in Harmony Gold Mining by 210.4% in the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock valued at $268,000 after acquiring an additional 12,312 shares during the period. Goldman Sachs Group Inc. raised its holdings in Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares during the period. New York State Common Retirement Fund bought a new position in Harmony Gold Mining in the 2nd quarter valued at about $171,000. Arrowstreet Capital Limited Partnership bought a new position in Harmony Gold Mining in the 2nd quarter valued at about $424,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Harmony Gold Mining by 13.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock valued at $147,000 after acquiring an additional 1,280 shares during the period. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.