Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.00.

Several research firms have recently commented on HMY. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Sunday.

Institutional Trading of Harmony Gold Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC acquired a new stake in Harmony Gold Mining during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Harmony Gold Mining during the 4th quarter valued at $26,000. Ascentis Independent Advisors acquired a new position in shares of Harmony Gold Mining in the 1st quarter valued at $28,000. Finally, Assetmark Inc. boosted its position 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 during the last quarter. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $17.13 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining has a 12 month low of $12.58 and a 12 month high of $26.06. The company’s 50-day moving average price is $16.65 and its two-hundred day moving average price is $18.84.

Harmony Gold Mining Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were issued a $0.3124 dividend. The ex-dividend date was Friday, April 24th. This represents a yield of 372.0%.

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.