Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $8.57, but opened at $8.91. Harmony Gold Mining shares last traded at $8.99, with a volume of 921,708 shares changing hands.
Analyst Upgrades and Downgrades
HMY has been the subject of a number of recent research reports. HSBC cut Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a research note on Wednesday, April 17th.
Check Out Our Latest Research Report on HMY
Harmony Gold Mining Trading Up 4.3 %
Harmony Gold Mining Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were given a dividend of $0.062 per share. The ex-dividend date was Thursday, April 11th. This is a boost from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03. This represents a dividend yield of 1.2%.
Hedge Funds Weigh In On Harmony Gold Mining
Hedge funds and other institutional investors have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Harmony Gold Mining in the 1st quarter valued at about $77,000. BNP Paribas Financial Markets grew its stake in Harmony Gold Mining by 314.2% during the first quarter. BNP Paribas Financial Markets now owns 538,364 shares of the mining company’s stock worth $4,398,000 after purchasing an additional 408,394 shares during the period. Diversify Advisory Services LLC bought a new stake in Harmony Gold Mining in the first quarter worth approximately $712,000. Norden Group LLC acquired a new position in Harmony Gold Mining in the first quarter valued at approximately $303,000. Finally, Van ECK Associates Corp grew its position in shares of Harmony Gold Mining by 30.0% during the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after buying an additional 17,298,604 shares during the period. Institutional investors and hedge funds 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.
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