Harmony Gold Mining (NYSE:HMY) Reaches New 12-Month High - Time to Buy?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $12.76 and last traded at $12.67, with a volume of 849407 shares traded. The stock had previously closed at $12.31.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Stock Performance

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 company has a market capitalization of $8.07 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The business has a 50 day moving average of $11.19 and a 200-day moving average of $10.16.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be paid a dividend of $0.1245 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a yield of 0.9%. This is a boost from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's payout ratio is currently 11.24%.

Institutional Trading of Harmony Gold Mining

Several institutional investors and hedge funds have recently bought and sold shares of the company. PKO Investment Management Joint Stock Co bought a new position in shares of Harmony Gold Mining in the fourth quarter worth $2,452,000. Mackenzie Financial Corp increased its stake in Harmony Gold Mining by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company's stock worth $13,135,000 after acquiring an additional 171,136 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $539,000. GTS Securities LLC purchased a new position in shares of Harmony Gold Mining during the fourth quarter worth about $492,000. Finally, Vise Technologies Inc. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth approximately $130,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

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About Harmony Gold Mining

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.