Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) declared a Semi-Annual dividend on Thursday, March 7th, Zacks reports. Investors of record on Friday, April 12th will be given a dividend of 0.062 per share by the mining company on Monday, April 22nd. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.
Harmony Gold Mining has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harmony Gold Mining to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 16.0%.
Harmony Gold Mining Trading Up 1.0 %
HMY stock opened at $8.93 on Tuesday. 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 has a 12 month low of $3.41 and a 12 month high of $9.13. The firm has a 50-day moving average of $6.88 and a two-hundred day moving average of $5.87.
Hedge Funds Weigh In On Harmony Gold Mining
Analysts Set New Price Targets
A number of analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Harmony Gold Mining from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. StockNews.com upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Harmony Gold Mining has an average rating of “Hold” and a consensus target price of $3.40.
Read Our Latest Research Report on HMY
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.
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