HSBC downgraded shares of Harmony Gold Mining (NYSE:HMY – Free Report) from a hold rating to a reduce rating in a report released on Friday morning, MarketBeat.com reports.
Several other equities research analysts also recently weighed in on the company. StockNews.com downgraded Harmony Gold Mining from a strong-buy rating to a buy rating in a report on Friday, April 12th. JPMorgan Chase & Co. increased their target price on Harmony Gold Mining from $3.20 to $4.90 and gave the stock an underweight rating in a research note on Wednesday, April 17th.
Check Out Our Latest Stock Analysis on Harmony Gold Mining
Harmony Gold Mining Trading Down 6.3 %
Harmony Gold Mining Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 12th were paid a dividend of $0.062 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Thursday, April 11th. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.
Institutional Investors Weigh In On Harmony Gold Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $32,000. Fifth Third Bancorp purchased a new position in Harmony Gold Mining during the fourth quarter valued at approximately $34,000. St. Johns Investment Management Company LLC bought a new position in Harmony Gold Mining in the first quarter worth approximately $52,000. Atlas Capital Advisors LLC purchased a new stake in Harmony Gold Mining during the first quarter worth $61,000. Finally, Intelligence Driven Advisers LLC purchased a new position in shares of Harmony Gold Mining in the 4th quarter valued at $67,000. 31.79% of the stock is owned by institutional investors.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.
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