Harmony Gold Mining (NYSE:HMY) Sets New 1-Year High – Here’s Why

Harmony Gold Mining Company Limited (NYSE:HMY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.76 and last traded at $12.67, with a volume of 849407 shares traded. The stock had previously closed at $12.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Harmony Gold Mining Stock Performance

The business has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $10.11. 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 cap of $8.01 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be issued a $0.1245 dividend. 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. This represents a yield of 0.9%. Harmony Gold Mining’s dividend payout ratio is currently 11.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HMY. Sumitomo Mitsui Trust Group Inc. bought a new stake in Harmony Gold Mining during the third quarter valued at about $210,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Harmony Gold Mining during the third quarter valued at about $192,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Harmony Gold Mining by 27.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock valued at $8,057,000 after purchasing an additional 170,175 shares during the period. Advisors Asset Management Inc. bought a new stake in Harmony Gold Mining during the third quarter valued at about $241,000. Finally, Eagle Asset Management Inc. grew its holdings in Harmony Gold Mining by 10.8% during the third 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.