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

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of research analysts recently commented on HMY shares. Wall Street Zen downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Zacks Research cut shares of Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th.

Institutional Trading of Harmony Gold Mining

A number of large investors have recently bought and sold shares of HMY. Advisory Services Network LLC purchased a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $26,000. Ascentis Independent Advisors purchased a new position in Harmony Gold Mining during the 1st quarter valued at about $28,000. Finally, Assetmark Inc. increased its holdings in Harmony Gold Mining by 907.5% during the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after acquiring an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Stock Up 1.2%

NYSE HMY opened at $17.80 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $16.89 and its 200 day moving average price is $18.81. Harmony Gold Mining has a 12 month low of $12.58 and a 12 month high of $26.06.

Harmony Gold Mining Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were paid a dividend of $0.3124 per share. 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.