Harmony Gold Mining (NYSE:HMY) Shares Gap Down – Here’s What Happened

Harmony Gold Mining Company Limited (NYSE:HMY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.05, but opened at $11.72. Harmony Gold Mining shares last traded at $11.80, with a volume of 867,276 shares trading hands.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Stock Performance

The company’s 50-day moving average price is $10.71 and its 200 day moving average price is $10.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a market capitalization of $7.75 billion, a PE ratio of 7.23, a PEG ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be given a $0.1245 dividend. This represents a dividend yield of 0.9%. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is currently 11.24%.

Institutional Trading of Harmony Gold Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PKO Investment Management Joint Stock Co purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $2,452,000. Mackenzie Financial Corp grew its position in shares of Harmony Gold Mining by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company’s stock worth $13,135,000 after buying an additional 171,136 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $539,000. GTS Securities LLC purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $492,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $130,000. 31.79% of the stock is owned by hedge funds and other 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.