Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares rose 4% on Thursday . The stock traded as high as $9.67 and last traded at $9.67. Approximately 990,448 shares changed hands during trading, a decline of 80% from the average daily volume of 4,854,798 shares. The stock had previously closed at $9.30.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $4.90 to $8.20 in a research report on Thursday.
View Our Latest Analysis on Harmony Gold Mining
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 firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 8.56 and a beta of 1.79. The business's fifty day simple moving average is $9.90 and its 200 day simple moving average is $9.33.
Harmony Gold Mining Cuts Dividend
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 11th will be paid a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining's dividend payout ratio (DPR) is currently 6.84%.
Institutional Investors Weigh In On Harmony Gold Mining
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in shares of Harmony Gold Mining during the second quarter worth about $41,000. St. Johns Investment Management Company LLC bought a new stake in shares of Harmony Gold Mining during the first quarter worth about $52,000. GAMMA Investing LLC increased its position in shares of Harmony Gold Mining by 29.2% during the first quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company's stock worth $54,000 after acquiring an additional 1,496 shares in the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Harmony Gold Mining during the first quarter worth about $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Harmony Gold Mining during the first quarter worth about $77,000. 31.79% of the stock is owned by institutional investors.
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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