Shares of Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.76 and last traded at $12.67, with a volume of 849407 shares trading hands. The stock had previously closed at $12.31.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.
Get Our Latest Research Report on HMY
Harmony Gold Mining Trading Up 1.3 %
Harmony Gold Mining Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be issued a dividend of $0.1245 per share. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is presently 11.24%.
Institutional Trading of Harmony Gold Mining
Several hedge funds and other institutional investors have recently modified their holdings of HMY. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Harmony Gold Mining during the 3rd quarter worth about $210,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Harmony Gold Mining during the 3rd quarter worth about $192,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Harmony Gold Mining by 27.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after buying an additional 170,175 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Harmony Gold Mining during the 3rd quarter worth about $241,000. Finally, Eagle Asset Management Inc. boosted its holdings in Harmony Gold Mining by 10.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 43,359 shares of the mining company’s stock valued at $448,000 after purchasing an additional 4,220 shares during the period. 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.
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