Investors Buy Large Volume of Harmony Gold Mining Call Options (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was the target of some unusual options trading on Monday. Stock investors purchased 3,063 call options on the stock. This represents an increase of 44% compared to the typical volume of 2,131 call options.

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.

Harmony Gold Mining Stock Performance

HMY stock traded down $0.45 during mid-day trading on Friday, hitting $17.55. 6,169,852 shares of the company were exchanged, compared to its average volume of 5,237,200. Harmony Gold Mining has a 1-year low of $7.97 and a 1-year high of $18.77. The business has a 50 day simple moving average of $12.85 and a 200-day simple moving average of $10.86. 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 has a market capitalization of $11.14 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be issued a $0.1245 dividend. This represents a yield of 0.9%. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. The ex-dividend date of this dividend is Friday, April 11th. Harmony Gold Mining's dividend payout ratio is currently 11.24%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HMY. Parallel Advisors LLC increased its position in Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after acquiring an additional 1,961 shares during the period. Grove Bank & Trust grew its position 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 worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock worth $48,000 after purchasing an additional 4,081 shares during the period. GAMMA Investing LLC raised its position in shares of Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after buying an additional 866 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of Harmony Gold Mining in the fourth quarter valued at approximately $75,000. Institutional investors own 31.79% of the company's stock.

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.