JPMorgan Chase & Co. Boosts Harmony Gold Mining (NYSE:HMY) Price Target to $4.90

Harmony Gold Mining (NYSE:HMY) had its price target raised by JPMorgan Chase & Co. from $3.20 to $4.90 in a report issued on Wednesday, Benzinga reports. They currently have an underweight rating on the mining company’s stock.

Separately, StockNews.com downgraded Harmony Gold Mining from a strong-buy rating to a buy rating in a research note on Friday, April 12th.

Harmony Gold Mining Price Performance

Shares of HMY stock opened at $9.29 on Wednesday. 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 has a 50 day simple moving average of $7.40 and a 200-day simple moving average of $6.17. Harmony Gold Mining has a 1-year low of $3.41 and a 1-year high of $9.80.

Harmony Gold Mining Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HMY. GAMMA Investing LLC acquired a new position in Harmony Gold Mining in the 4th quarter valued at $32,000. Fifth Third Bancorp acquired a new position in Harmony Gold Mining in the 4th quarter valued at $34,000. St. Johns Investment Management Company LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at $52,000. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at $61,000. Finally, Point72 Middle East FZE acquired a new position in Harmony Gold Mining in the 2nd quarter valued at $38,000. 31.79% of the stock is owned by institutional investors and hedge funds.

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.