Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $9.11

Harmony Gold Mining Company Limited (NYSE:HMY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.11, but opened at $8.75. Harmony Gold Mining shares last traded at $8.83, with a volume of 1,229,769 shares trading hands.

Analysts Set New Price Targets

HMY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a report on Wednesday, April 17th. StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. Finally, HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th.

Harmony Gold Mining Stock Down 5.4 %

The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $6.40.

Harmony Gold Mining Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 12th were given a dividend of $0.062 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend 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 have recently modified their holdings of HMY. Van ECK Associates Corp grew its position in shares of Harmony Gold Mining by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 57,717,855 shares of the mining company’s stock valued at $354,965,000 after buying an additional 4,163,528 shares during the last quarter. Polunin Capital Partners Ltd boosted its stake in Harmony Gold Mining by 10.0% during the 1st quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock valued at $90,553,000 after purchasing an additional 1,005,685 shares during the period. Wellington Management Group LLP acquired a new position in Harmony Gold Mining during the 4th quarter valued at about $4,667,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Harmony Gold Mining by 55.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,627,682 shares of the mining company’s stock valued at $6,120,000 after purchasing an additional 579,506 shares during the period. Finally, American Century Companies Inc. boosted its stake in Harmony Gold Mining by 26.2% during the 3rd quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock valued at $10,342,000 after purchasing an additional 571,247 shares during the period. Institutional investors own 31.79% of the company’s stock.

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.