Harmony Gold Mining Target of Unusually High Options Trading (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 2,085 call options on the company. This is an increase of 38% compared to the typical daily volume of 1,509 call options.

Analyst Ratings Changes

A number of equities analysts have issued reports on HMY shares. StockNews.com upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

Harmony Gold Mining Stock Up 2.8 %

HMY stock traded up $0.33 during trading on Tuesday, reaching $11.84. The stock had a trading volume of 1,573,713 shares, compared to its average volume of 5,164,632. Harmony Gold Mining has a one year low of $7.15 and a one year high of $12.49. The company’s 50 day moving average is $10.49 and its two-hundred day moving average is $10.01. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be given a dividend of $0.1245 per share. This represents a dividend yield of 0.9%. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date of this dividend is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 4.73%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Grove Bank & Trust raised its stake in shares of Harmony Gold Mining by 400.0% during the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock worth $41,000 after purchasing an additional 4,000 shares during the period. Jones Financial Companies Lllp boosted its stake in Harmony Gold Mining by 230.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,081 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $75,000. Quantbot Technologies LP purchased a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $77,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $82,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.