Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.97, but opened at $14.51. Harmony Gold Mining shares last traded at $14.37, with a volume of 2,392,329 shares changing hands.
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.
Read Our Latest Stock Report on HMY
Harmony Gold Mining Price Performance
The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.81 billion, a PE ratio of 10.08, a PEG ratio of 0.63 and a beta of 1.42. The company's 50 day moving average price is $12.42 and its 200-day moving average price is $10.67.
Harmony Gold Mining Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1245 per share. The ex-dividend date is Friday, April 11th. This represents a dividend 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 presently 11.24%.
Hedge Funds Weigh In On Harmony Gold Mining
Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in Harmony Gold Mining by 71.4% in the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after purchasing an additional 1,961 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Harmony Gold Mining by 400.0% during the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock valued at $41,000 after buying an additional 4,000 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Harmony Gold Mining by 230.3% during the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after buying an additional 4,081 shares during the period. Optiver Holding B.V. purchased a new position in Harmony Gold Mining in the 4th quarter worth approximately $75,000. Finally, Quantbot Technologies LP acquired a new stake in Harmony Gold Mining in the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 31.79% of the company's stock.
Harmony Gold Mining Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Harmony Gold Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Harmony Gold Mining wasn't on the list.
While Harmony Gold Mining currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
