Harmony Gold Mining Target of Unusually High Options Trading (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of unusually large options trading on Tuesday. Traders acquired 2,085 call options on the stock. This is an increase of approximately 38% compared to the typical daily volume of 1,509 call options.

Hedge Funds Weigh In On Harmony Gold Mining

A number of institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its position in shares of Harmony Gold Mining by 12.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company’s stock valued at $13,135,000 after purchasing an additional 171,136 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in Harmony Gold Mining during the 4th quarter valued at about $539,000. GTS Securities LLC purchased a new stake in Harmony Gold Mining during the 4th quarter valued at about $492,000. Vise Technologies Inc. purchased a new stake in Harmony Gold Mining during the 4th quarter valued at about $130,000. Finally, Squarepoint Ops LLC purchased a new stake in Harmony Gold Mining during the 4th quarter valued at about $279,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $11.93 on Thursday. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The business’s fifty day moving average is $10.64 and its 200 day moving average is $10.04. Harmony Gold Mining has a 52-week low of $7.21 and a 52-week high of $12.49.

Harmony Gold Mining Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be paid a $0.1245 dividend. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a yield of 0.9%. The ex-dividend date of this dividend is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio is currently 11.24%.

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.