Harmony Gold Mining (NYSE:HMY) Stock Price Up 4.1% – Here’s What Happened

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Bank of America began coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating on the stock. StockNews.com cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

Harmony Gold Mining Trading Up 1.9 %

The stock’s 50 day simple moving average is $10.28 and its 200-day simple moving average is $9.70. 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 Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were issued a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date was Friday, October 11th.

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds have recently bought and sold shares of HMY. Hara Capital LLC acquired a new position in shares of Harmony Gold Mining during the 3rd quarter worth about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in Harmony Gold Mining during the second quarter worth about $41,000. QRG Capital Management Inc. acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $87,000. Diversified Trust Co purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $93,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of Harmony Gold Mining during the 1st quarter valued at approximately $94,000. 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.