Harmony Gold Mining (NYSE:HMY) Stock Moved Up to Buy by Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the company. Zacks Research raised Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th. Weiss Ratings upgraded Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Harmony Gold Mining has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 2.3%

Harmony Gold Mining stock opened at $15.84 on Friday. The business has a 50 day moving average price of $18.99 and a two-hundred day moving average price of $17.42. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06.

Harmony Gold Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, October 19th. Stockholders of record on Friday, October 9th were given a dividend of $0.4611 per share. This represents a dividend yield of 546.0%. The ex-dividend date was Friday, October 9th.

Institutional Trading of Harmony Gold Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMY. Fifth Third Wealth Advisors LLC acquired a new position in Harmony Gold Mining in the third quarter worth about $449,000. Quadrant Capital Group LLC lifted its stake in Harmony Gold Mining by 5.9% during the third quarter. Quadrant Capital Group LLC now owns 35,082 shares of the mining company’s stock worth $586,000 after purchasing an additional 1,942 shares during the period. Novem Group lifted its stake in Harmony Gold Mining by 5.0% during the third quarter. Novem Group now owns 65,717 shares of the mining company’s stock worth $1,165,000 after purchasing an additional 3,152 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Harmony Gold Mining by 2.9% during the third quarter. TD Waterhouse Canada Inc. now owns 74,675 shares of the mining company’s stock valued at $1,307,000 after purchasing an additional 2,138 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Harmony Gold Mining during the third quarter valued at approximately $60,000. Institutional investors own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.