Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $8.78

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $8.78, but opened at $9.05. Harmony Gold Mining shares last traded at $9.08, with a volume of 843,868 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining has a consensus rating of “Hold” and a consensus price target of $3.40.

Harmony Gold Mining Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s fifty day simple moving average is $7.09 and its 200-day simple moving average is $5.98.

Harmony Gold Mining Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 12th will be issued a $0.062 dividend. This represents a yield of 1.2%. This is a positive change from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. The ex-dividend date of this dividend is Thursday, April 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HMY. GAMMA Investing LLC purchased a new position in shares of Harmony Gold Mining during the 4th quarter worth about $32,000. Fifth Third Bancorp purchased a new position in Harmony Gold Mining in the fourth quarter valued at approximately $34,000. Point72 Middle East FZE purchased a new position in Harmony Gold Mining in the second quarter valued at approximately $38,000. LPL Financial LLC purchased a new position in Harmony Gold Mining in the third quarter valued at approximately $38,000. Finally, Advisor Group Holdings Inc. raised its holdings in Harmony Gold Mining by 378.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 11,714 shares of the mining company’s stock valued at $39,000 after buying an additional 9,264 shares during the period. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

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.