Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s stock price rose 3% during mid-day trading on Monday . The company traded as high as $14.37 and last traded at $14.48. Approximately 1,601,043 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 5,176,230 shares. The stock had previously closed at $14.06.
Analyst Ratings Changes
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 Analysis on Harmony Gold Mining
Harmony Gold Mining Stock 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 stock's fifty day simple moving average is $11.91 and its 200 day simple moving average is $10.45. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 0.63 and a beta of 1.85.
Harmony Gold Mining Increases Dividend
The business also recently declared 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. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. Harmony Gold Mining's payout ratio is currently 11.24%.
Institutional Investors Weigh In On Harmony Gold Mining
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Grove Bank & Trust grew its stake in shares of Harmony Gold Mining by 400.0% in 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 grew its position in Harmony Gold Mining by 230.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock worth $48,000 after acquiring an additional 4,081 shares during the period. Optiver Holding B.V. acquired a new stake in Harmony Gold Mining during the fourth quarter worth $75,000. Quantbot Technologies LP purchased a new stake in Harmony Gold Mining in the fourth quarter valued at $77,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $82,000. 31.79% of the stock is currently 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.
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