Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) traded up 5.4% during trading on Wednesday . The company traded as high as $18.77 and last traded at $18.30. 2,446,227 shares changed hands during trading, a decline of 53% from the average session volume of 5,228,302 shares. The stock had previously closed at $17.35.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a report on Friday, March 7th.
View Our Latest Analysis on HMY
Harmony Gold Mining Price Performance
The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company's 50-day moving average price is $12.96 and its 200-day moving average price is $10.91. The company has a market cap of $11.14 billion, a P/E ratio of 10.38, a P/E/G ratio of 0.63 and a beta of 1.42.
Harmony Gold Mining Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be paid a $0.1245 dividend. This is an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining's dividend payout ratio (DPR) is currently 11.24%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Harmony Gold Mining by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after acquiring an additional 866 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Harmony Gold Mining by 1.6% in the fourth quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock valued at $451,000 after purchasing an additional 881 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Harmony Gold Mining by 2.2% in the fourth quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company's stock worth $556,000 after purchasing an additional 1,464 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Harmony Gold Mining by 4.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock worth $295,000 after purchasing an additional 1,496 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Harmony Gold Mining by 3.2% during the fourth quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock worth $400,000 after purchasing an additional 1,496 shares during the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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