Harmony Gold Mining Sees Unusually High Options Volume (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was the target of some unusual options trading on Tuesday. Stock investors purchased 2,085 call options on the stock. This represents an increase of 38% compared to the typical volume of 1,509 call options.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research report on Friday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HMY. Assetmark Inc. acquired a new position in Harmony Gold Mining in the 3rd quarter valued at approximately $501,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Harmony Gold Mining in the third quarter valued at $210,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Harmony Gold Mining during the third quarter valued at about $192,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Harmony Gold Mining by 27.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company's stock worth $8,057,000 after purchasing an additional 170,175 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at about $241,000. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Price Performance

NYSE:HMY traded up $0.33 during trading hours on Tuesday, hitting $11.84. The company's stock had a trading volume of 1,573,713 shares, compared to its average volume of 5,164,632. Harmony Gold Mining has a twelve month low of $7.15 and a twelve month high of $12.49. 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 stock has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $10.01. The company has a market capitalization of $7.51 billion, a P/E ratio of 7.05, a PEG ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be given a $0.1245 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a yield of 0.9%. Harmony Gold Mining's dividend payout ratio (DPR) is currently 4.73%.

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.

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