Harmony Gold Mining (NYSE:HMY) Price Target Increased to $4.90 by Analysts at JPMorgan Chase & Co.

Harmony Gold Mining (NYSE:HMY) had its price objective lifted by JPMorgan Chase & Co. from $3.20 to $4.90 in a research report sent to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the mining company’s stock.

Separately, StockNews.com lowered Harmony Gold Mining from a strong-buy rating to a buy rating in a research report on Friday, April 12th.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $9.29 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. Harmony Gold Mining has a fifty-two week low of $3.41 and a fifty-two week high of $9.80. The stock’s 50-day simple moving average is $7.40 and its 200-day simple moving average is $6.17.

Harmony Gold Mining Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 12th will be paid a dividend of $0.062 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Harmony Gold Mining by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after buying an additional 1,496 shares during the last quarter. Profund Advisors LLC grew its stake in Harmony Gold Mining by 5.8% during the 4th quarter. Profund Advisors LLC now owns 43,218 shares of the mining company’s stock worth $266,000 after buying an additional 2,383 shares during the last quarter. Arlington Capital Management Inc. grew its stake in Harmony Gold Mining by 1.7% during the 3rd quarter. Arlington Capital Management Inc. now owns 177,338 shares of the mining company’s stock worth $667,000 after buying an additional 2,910 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Harmony Gold Mining by 10.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,077 shares of the mining company’s stock worth $132,000 after buying an additional 3,000 shares during the last quarter. Finally, Wetherby Asset Management Inc. grew its stake in Harmony Gold Mining by 26.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 15,016 shares of the mining company’s stock worth $62,000 after buying an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.