Harmony Gold Mining (NYSE:HMY) Shares Up 5.4% – What’s Next?

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price shot up 5.4% on Wednesday . The stock traded as high as $18.77 and last traded at $18.30. 2,446,227 shares were traded during mid-day trading, a decline of 53% from the average session volume of 5,228,302 shares. The stock had previously closed at $17.35.

Analyst Ratings Changes

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

Harmony Gold Mining Trading Down 2.5 %

The company has a market capitalization of $11.14 billion, a P/E ratio of 10.38, a PEG ratio of 0.63 and a beta of 1.42. 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 fifty day moving average of $12.85 and a 200 day moving average of $10.86.

Harmony Gold Mining Increases Dividend

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

Hedge Funds Weigh In On Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Harmony Gold Mining by 71.4% during the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company’s stock valued at $70,000 after purchasing an additional 1,961 shares during the period. Grove Bank & Trust raised its holdings in Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock valued at $41,000 after acquiring an additional 4,000 shares during the period. Jones Financial Companies Lllp raised its holdings in Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,081 shares during the period. GAMMA Investing LLC lifted its position in shares of Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after acquiring an additional 866 shares in the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.