Harmony Gold Mining (NYSE:HMY) Trading 4.1% Higher – What’s Next?

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price traded up 4.1% during trading on Tuesday . The stock traded as high as $9.72 and last traded at $9.69. 986,669 shares were traded during mid-day trading, a decline of 80% from the average session volume of 4,840,732 shares. The stock had previously closed at $9.31.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HMY. JPMorgan Chase & Co. boosted their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Bank of America began coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company. Finally, StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday.

Harmony Gold Mining Trading Down 1.0 %

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 firm’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $9.70.

Harmony Gold Mining Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. The ex-dividend date was Friday, October 11th. This represents a yield of 1.2%.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently bought and sold shares of the stock. Consolidated Portfolio Review Corp purchased a new position in Harmony Gold Mining during the third quarter worth approximately $1,187,000. Cetera Investment Advisers purchased a new position in Harmony Gold Mining during the first quarter worth approximately $2,097,000. Thrivent Financial for Lutherans purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at $1,141,000. Diversified Trust Co purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at $93,000. Finally, Ritholtz Wealth Management raised its stake in shares of Harmony Gold Mining by 44.1% in the 3rd quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock valued at $1,768,000 after acquiring an additional 53,244 shares during the period. Hedge funds and other 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.