Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $8.09

Shares of Harmony Gold Mining Company Limited (NYSE:HMYGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.09, but opened at $8.38. Harmony Gold Mining shares last traded at $8.45, with a volume of 1,203,107 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HMY. JPMorgan Chase & Co. lowered Harmony Gold Mining from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. StockNews.com upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.40.

Check Out Our Latest Research Report on Harmony Gold Mining

Harmony Gold Mining Trading Up 2.1 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a 50-day moving average of $6.72 and a 200-day moving average of $5.77.

Harmony Gold Mining Increases Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Harmony Gold Mining in the 4th quarter worth $32,000. Fifth Third Bancorp bought a new position in shares of Harmony Gold Mining in the 4th quarter valued at about $34,000. Point72 Middle East FZE bought a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $38,000. LPL Financial LLC bought a new stake in Harmony Gold Mining in the third quarter worth about $38,000. Finally, Advisor Group Holdings Inc. lifted its stake 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 worth $39,000 after purchasing an additional 9,264 shares during the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

(Get Free Report)

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.

Further Reading

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