Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $8.09

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.09, but opened at $8.38. Harmony Gold Mining shares last traded at $8.45, with a volume of 1,203,107 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. cut Harmony Gold Mining from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. StockNews.com upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $3.40.

Harmony Gold Mining Trading Up 2.1 %

The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $6.72 and a two-hundred day simple moving average of $5.77.

Harmony Gold Mining Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 12th will be given a dividend of $0.062 per share. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 1.2%. This is a positive change from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.

Institutional Investors Weigh In On Harmony Gold Mining

A number of hedge funds have recently modified their holdings of the business. Citigroup Inc. raised its position in Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after buying an additional 7,361 shares during the last quarter. Rathbones Group PLC raised its position in Harmony Gold Mining by 977.4% in the 3rd quarter. Rathbones Group PLC now owns 126,060 shares of the mining company’s stock valued at $475,000 after buying an additional 114,360 shares during the last quarter. American Century Companies Inc. raised its position in Harmony Gold Mining by 26.2% in the 3rd quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock valued at $10,342,000 after buying an additional 571,247 shares during the last quarter. Symmetry Partners LLC raised its position in Harmony Gold Mining by 129.0% in the 4th quarter. Symmetry Partners LLC now owns 33,556 shares of the mining company’s stock valued at $206,000 after buying an additional 18,900 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in Harmony Gold Mining by 122.4% in the 3rd quarter. Mackenzie Financial Corp now owns 739,877 shares of the mining company’s stock valued at $2,782,000 after buying an additional 407,159 shares during the last quarter. Institutional investors and hedge funds 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.