Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.77 and last traded at $17.99, with a volume of 8178041 shares traded. The stock had previously closed at $17.35.
Analysts Set New Price Targets
Separately, StockNews.com raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Stock Report on Harmony Gold Mining
Harmony Gold Mining Stock Down 4.0 %
The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.79 billion, a PE ratio of 10.05, a PEG ratio of 0.63 and a beta of 1.42. The company's 50 day moving average is $13.18 and its two-hundred day moving average is $11.02.
Harmony Gold Mining Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were given a dividend of $0.1245 per share. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date was Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining's dividend payout ratio (DPR) is presently 11.24%.
Institutional Investors Weigh In On Harmony Gold Mining
Hedge funds have recently made changes to their positions in the company. ABC Arbitrage SA bought a new stake in Harmony Gold Mining in the 4th quarter worth approximately $20,229,000. Renaissance Technologies LLC purchased a new position in shares of Harmony Gold Mining in the fourth quarter valued at $11,903,000. Millennium Management LLC increased its position in Harmony Gold Mining by 59.5% in the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company's stock worth $21,635,000 after purchasing an additional 982,740 shares during the last quarter. Two Sigma Investments LP raised its stake in Harmony Gold Mining by 274.0% during the fourth quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company's stock valued at $4,092,000 after purchasing an additional 365,132 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Harmony Gold Mining by 1,465.3% during the fourth quarter. Marshall Wace LLP now owns 388,204 shares of the mining company's stock valued at $3,187,000 after purchasing an additional 363,404 shares during the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.
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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