Harmony Gold Mining (NYSE:HMY) Shares Gap Down – What’s Next?

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) gapped down before the market opened on Monday . The stock had previously closed at $9.63, but opened at $9.33. Harmony Gold Mining shares last traded at $9.29, with a volume of 561,035 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America assumed coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target 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. Finally, StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

Harmony Gold Mining Trading Down 4.0 %

The firm has a 50-day moving average of $10.31 and a 200 day moving average of $9.72. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hara Capital LLC purchased a new stake in shares of Harmony Gold Mining during the third quarter worth about $38,000. Ashton Thomas Private Wealth LLC purchased a new stake in Harmony Gold Mining during the 2nd quarter worth approximately $41,000. Diversified Trust Co acquired a new position in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $93,000. Wallace Advisory Group LLC purchased a new position in shares of Harmony Gold Mining during the 2nd quarter valued at approximately $94,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Harmony Gold Mining during the second quarter worth approximately $112,000. 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.