Harmony Gold Mining Co. (HMY) Downgraded by Deutsche Bank AG to “Sell”
A number of other equities analysts have also commented on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a sell rating to a hold rating in a research note on Tuesday, December 20th. JPMorgan Chase & Co. lowered Harmony Gold Mining from an overweight rating to an underweight rating in a research note on Friday, March 3rd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $5.00.
Shares of Harmony Gold Mining (NYSE:HMY) traded up 5.463% on Friday, hitting $2.394. The company had a trading volume of 2,574,815 shares. The firm has a market capitalization of $1.05 billion, a P/E ratio of 4.926 and a beta of -1.75. The firm has a 50 day moving average of $2.54 and a 200-day moving average of $2.76. Harmony Gold Mining has a 12-month low of $1.86 and a 12-month high of $4.87.
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The firm also recently announced a semiannual dividend, which will be paid on Monday, March 27th. Shareholders of record on Friday, March 17th will be issued a $0.0383 dividend. This represents a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 15th. This is an increase from Harmony Gold Mining’s previous semiannual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio (DPR) is currently -5.48%.
Several large investors have recently modified their holdings of the stock. World Asset Management Inc increased its stake in shares of Harmony Gold Mining by 7.9% in the third quarter. World Asset Management Inc now owns 29,334 shares of the mining company’s stock worth $102,000 after buying an additional 2,142 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $108,000. Tudor Investment Corp Et Al acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $142,000. SG Americas Securities LLC increased its stake in shares of Harmony Gold Mining by 102.2% in the third quarter. SG Americas Securities LLC now owns 67,836 shares of the mining company’s stock worth $237,000 after buying an additional 34,287 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Harmony Gold Mining by 279.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 70,839 shares of the mining company’s stock worth $157,000 after buying an additional 52,161 shares in the last quarter. 29.67% of the stock is currently owned by hedge funds and other institutional investors.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.
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