Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $9.11

Harmony Gold Mining Company Limited (NYSE:HMY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $9.11, but opened at $8.75. Harmony Gold Mining shares last traded at $8.83, with a volume of 1,229,769 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HMY. StockNews.com cut shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the stock an “underweight” rating in a report on Wednesday, April 17th.

Harmony Gold Mining Stock Performance

The business’s fifty day simple moving average is $7.79 and its 200 day simple moving average is $6.40. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08.

Harmony Gold Mining Increases Dividend

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

Institutional Trading of Harmony Gold Mining

Several hedge funds have recently bought and sold shares of HMY. GAMMA Investing LLC acquired a new stake in Harmony Gold Mining during the 4th quarter worth approximately $32,000. Fifth Third Bancorp acquired a new stake in Harmony Gold Mining during the 4th quarter worth approximately $34,000. St. Johns Investment Management Company LLC acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $52,000. Atlas Capital Advisors LLC acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $61,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in Harmony Gold Mining during the 4th quarter worth approximately $67,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.