Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Recommendation of “Buy” by Brokerages

by · The Markets Daily

Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) has earned an average recommendation of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of brokerages have issued reports on HMY. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 22nd. Finally, Investec raised Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th.

View Our Latest Analysis on Harmony Gold Mining

Harmony Gold Mining Price Performance

Shares of HMY opened at $19.03 on Thursday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 1 year low of $7.97 and a 1 year high of $22.25. The company has a 50 day simple moving average of $17.97 and a two-hundred day simple moving average of $15.92.

Harmony Gold Mining Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 10th were given a dividend of $0.0893 per share. The ex-dividend date was Friday, October 10th. This represents a yield of 98.0%.

Institutional Trading of Harmony Gold Mining

Large investors have recently made changes to their positions in the business. Jump Financial LLC raised its position in Harmony Gold Mining by 2,655.3% during the first quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock valued at $8,649,000 after purchasing an additional 564,354 shares during the period. Walleye Capital LLC increased its position in shares of Harmony Gold Mining by 103.6% during the 1st quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock valued at $3,607,000 after purchasing an additional 124,287 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Harmony Gold Mining by 30.7% during the 1st quarter. Russell Investments Group Ltd. now owns 467,378 shares of the mining company’s stock valued at $6,571,000 after buying an additional 109,873 shares during the period. U S Global Investors Inc. lifted its position in Harmony Gold Mining by 105.3% in the second quarter. U S Global Investors Inc. now owns 307,960 shares of the mining company’s stock worth $4,302,000 after buying an additional 157,960 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Harmony Gold Mining by 14.9% in the first quarter. American Century Companies Inc. now owns 3,805,276 shares of the mining company’s stock worth $56,204,000 after buying an additional 493,041 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile

(Get Free Report)

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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