Harmony Gold Mining Company Limited (NYSE:HMY) Receives Average Rating of “Moderate Buy” from Brokerages

Harmony Gold Mining Company Limited (NYSE:HMY) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.00.

A number of equities analysts have issued reports on HMY shares. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen cut Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th.

Hedge Funds Weigh In On Harmony Gold Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Harmony Gold Mining in the 3rd quarter worth $25,000. TD Private Client Wealth LLC bought a new position in shares of Harmony Gold Mining in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Harmony Gold Mining in the 4th quarter worth $26,000. Assetmark Inc. lifted its holdings in shares of Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Harmony Gold Mining in the 4th quarter worth $36,000. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $15.81 on Wednesday. Harmony Gold Mining has a 52-week low of $12.58 and a 52-week high of $26.06. The stock’s 50 day moving average price is $18.68 and its two-hundred day moving average price is $19.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Harmony Gold Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be issued a dividend of $0.3124 per share. This represents a dividend yield of 430.0%. The ex-dividend date is Friday, April 24th.

About Harmony Gold Mining

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.