Harmony Gold Mining (NYSE:HMY) Trading 4.1% Higher – What’s Next?

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) were up 4.1% on Tuesday . The stock traded as high as $9.72 and last traded at $9.69. Approximately 986,669 shares traded 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 Upgrades and Downgrades

Several research analysts have weighed in on HMY shares. StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday. 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 report on Tuesday, November 12th. Finally, Bank of America began coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Trading Down 1.0 %

The firm’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $9.70. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

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

Institutional Trading of Harmony Gold Mining

Several large investors have recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Harmony Gold Mining by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock worth $700,663,000 after buying an additional 2,206,537 shares during the period. Tidal Investments LLC bought a new stake in Harmony Gold Mining in the 1st quarter valued at $59,033,000. Wellington Management Group LLP boosted its holdings in Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock valued at $27,219,000 after purchasing an additional 1,162,292 shares during the period. Acadian Asset Management LLC boosted its holdings in Harmony Gold Mining by 111.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after purchasing an additional 977,142 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Harmony Gold Mining by 63.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after purchasing an additional 609,971 shares during the period. 31.79% of the stock is owned by institutional investors.

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.