StockNews.com upgraded shares of Harmony Gold Mining (NYSE:HMY - Free Report) from a hold rating to a buy rating in a research report report published on Wednesday.
A number of other research firms have also recently issued reports on HMY. Bank of America began coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a "neutral" rating for the company. JPMorgan Chase & Co. increased their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research note on Tuesday, November 12th.
Get Our Latest Stock Analysis on HMY
Harmony Gold Mining Stock Performance
HMY stock traded down $0.09 during midday trading on Wednesday, reaching $9.51. 4,209,040 shares of the company's stock traded hands, compared to its average volume of 4,856,106. The company has a 50-day simple moving average of $10.30 and a two-hundred day simple moving average of $9.70. 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 1-year low of $5.40 and a 1-year high of $12.29.
Harmony Gold Mining Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 11th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Harmony Gold Mining in the 3rd quarter valued at approximately $1,412,000. MML Investors Services LLC increased its position in shares of Harmony Gold Mining by 212.5% during the third quarter. MML Investors Services LLC now owns 31,405 shares of the mining company's stock worth $319,000 after acquiring an additional 21,356 shares in the last quarter. Dorsey Wright & Associates raised its holdings in shares of Harmony Gold Mining by 12.0% during the third quarter. Dorsey Wright & Associates now owns 378,630 shares of the mining company's stock worth $3,851,000 after acquiring an additional 40,592 shares during the period. Wellington Management Group LLP lifted its position in Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock valued at $27,219,000 after acquiring an additional 1,162,292 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company's stock worth $525,000 after purchasing an additional 39,237 shares during the period. Institutional investors own 31.79% of the company's stock.
About Harmony Gold Mining
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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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