Harmony Gold Mining Company Limited Declares Dividend of $0.31 (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) declared a dividend on Tuesday, March 24th. Investors of record on Friday, April 24th will be given a dividend of 0.3124 per share by the mining company on Tuesday, May 5th. This represents a dividend yield of 430.0%. The ex-dividend date is Friday, April 24th.

Harmony Gold Mining has a payout ratio of 6.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Harmony Gold Mining to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 9.4%.

Harmony Gold Mining Stock Down 1.9%

NYSE HMY opened at $14.27 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of $20.03 and a two-hundred day moving average price of $19.04. Harmony Gold Mining has a 12-month low of $12.56 and a 12-month high of $26.06.

Analyst Ratings Changes

Several brokerages have recently issued reports on HMY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Wall Street Zen cut shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Zacks Research cut shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.