Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $8.57

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.57, but opened at $8.91. Harmony Gold Mining shares last traded at $8.99, with a volume of 921,708 shares.

Wall Street Analyst Weigh In

HMY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a report on Wednesday, April 17th. HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. Finally, StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th.

Harmony Gold Mining Price Performance

The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $8.16 and a 200 day moving average price of $6.56.

Harmony Gold Mining Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were issued a dividend of $0.062 per share. This represents a dividend yield of 1.2%. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. The ex-dividend date was Thursday, April 11th.

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds have recently modified their holdings of HMY. Assenagon Asset Management S.A. bought a new position in Harmony Gold Mining in the 4th quarter worth $1,723,000. Citigroup Inc. increased its stake in shares of Harmony Gold Mining by 59.4% in the third quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after purchasing an additional 7,361 shares during the period. AJOVista LLC acquired a new position in shares of Harmony Gold Mining during the 4th quarter worth about $1,707,000. Fifth Third Bancorp acquired a new position in shares of Harmony Gold Mining during the 4th quarter worth about $34,000. Finally, Rathbones Group PLC boosted its stake in Harmony Gold Mining by 977.4% during the 3rd quarter. Rathbones Group PLC now owns 126,060 shares of the mining company’s stock valued at $475,000 after purchasing an additional 114,360 shares during the period. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

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.