Investors Buy High Volume of Harmony Gold Mining Call Options (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of some unusual options trading on Friday. Stock investors bought 4,248 call options on the company. This is an increase of 177% compared to the average volume of 1,531 call options.

Analysts Set New Price Targets

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

Harmony Gold Mining Trading Up 9.6 %

Shares of NYSE:HMY opened at $14.08 on Friday. The business’s 50 day simple moving average is $11.54 and its 200 day simple moving average is $10.29. Harmony Gold Mining has a 1 year low of $7.97 and a 1 year high of $14.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company has a market capitalization of $8.93 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The business 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 $0.1245 dividend. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 0.9%. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 11.24%.

Institutional Investors Weigh In On Harmony Gold Mining

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