Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.23, but opened at $11.59. Harmony Gold Mining shares last traded at $11.57, with a volume of 1,292,189 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised 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, October 10th. Bank of America initiated coverage on shares of Harmony Gold Mining in a research note on Monday. They set a “neutral” rating on the stock.
Get Our Latest Stock Analysis on Harmony Gold Mining
Harmony Gold Mining Stock Performance
Harmony Gold Mining Cuts Dividend
The firm also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were issued a $0.042 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, October 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 5.76%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of HMY. Wellington Management Group LLP acquired a new position in Harmony Gold Mining during the 4th quarter valued at about $4,667,000. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining during the 1st quarter valued at about $61,000. Hennion & Walsh Asset Management Inc. acquired a new position in Harmony Gold Mining during the 1st quarter valued at about $96,000. Claro Advisors LLC bought a new stake in shares of Harmony Gold Mining during the 1st quarter worth about $225,000. Finally, Norden Group LLC bought a new stake in shares of Harmony Gold Mining during the 1st quarter worth about $303,000. 31.79% of the stock is owned by institutional investors and hedge funds.
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.
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