Harmony Gold Mining (NYSE:HMY) Lowered to Buy at StockNews.com

StockNews.com cut shares of Harmony Gold Mining (NYSE:HMY) from a strong-buy rating to a buy rating in a report published on Friday.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $9.02 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. The firm has a fifty day moving average of $7.15 and a 200-day moving average of $6.05. Harmony Gold Mining has a 52-week low of $3.41 and a 52-week high of $9.80.

Harmony Gold Mining Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 12th will be issued a $0.062 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th. This is a boost from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.

Institutional Trading of Harmony Gold Mining

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at approximately $32,000. Fifth Third Bancorp bought a new position in Harmony Gold Mining during the 4th quarter valued at $34,000. Point72 Middle East FZE acquired a new position in Harmony Gold Mining during the 2nd quarter worth $38,000. LPL Financial LLC bought a new stake in shares of Harmony Gold Mining in the 3rd quarter worth about $38,000. Finally, Advisor Group Holdings Inc. raised its stake in shares of Harmony Gold Mining by 378.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 11,714 shares of the mining company’s stock valued at $39,000 after purchasing an additional 9,264 shares in the last quarter. 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.