Harmony Gold Mining (NYSE:HMY - Free Report) had its price objective raised by JPMorgan Chase & Co. from $8.20 to $8.40 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the mining company's stock.
Separately, Bank of America began coverage on Harmony Gold Mining in a research report on Monday, October 21st. They issued a "neutral" rating on the stock.
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Harmony Gold Mining Trading Down 1.5 %
Shares of HMY traded down $0.14 during midday trading on Tuesday, hitting $9.22. 4,019,900 shares of the company traded hands, compared to its average volume of 4,751,933. The stock has a 50-day moving average of $10.28 and a 200-day moving average of $9.69. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a one year low of $4.72 and a one year high of $12.29.
Harmony Gold Mining Cuts Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were paid a $0.042 dividend. The ex-dividend date was Friday, October 11th. This represents a yield of 1.2%.
Institutional Investors Weigh In On Harmony Gold Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hara Capital LLC bought a new position in Harmony Gold Mining in the 3rd quarter worth about $38,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $41,000. QRG Capital Management Inc. purchased a new position in Harmony Gold Mining in the 1st quarter worth approximately $87,000. Diversified Trust Co bought a new position in Harmony Gold Mining in the 2nd quarter valued at approximately $93,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in Harmony Gold Mining during the 1st quarter valued at $94,000. Hedge funds and other institutional investors own 31.79% of the company's stock.
Harmony Gold Mining Company Profile
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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.
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