Harmony Gold Mining (NYSE:HMY) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Harmony Gold Mining (NYSE:HMY) had its price target upped by JPMorgan Chase & Co. from $8.20 to $8.40 in a report issued on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.

Separately, Bank of America started coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating on the stock.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $9.22 on Tuesday. The company’s 50 day moving average price is $10.28 and its 200-day moving average price is $9.69. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining has a 52-week low of $4.72 and a 52-week high of $12.29.

Harmony Gold Mining Cuts Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Large investors have recently bought and sold shares of the business. Hara Capital LLC purchased a new position in shares of Harmony Gold Mining during the 3rd quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in Harmony Gold Mining in the 2nd quarter worth approximately $41,000. Diversified Trust Co purchased a new position in Harmony Gold Mining in the 2nd quarter worth approximately $93,000. Wallace Advisory Group LLC purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter worth approximately $94,000. Finally, International Assets Investment Management LLC bought a new position in shares of Harmony Gold Mining during the 3rd quarter valued at approximately $1,035,000. 31.79% of the stock is currently owned by 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.