Harmony Gold Mining Company Limited (NYSE:HMY) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Harmony Gold Mining Company Limited (NYSE:HMY) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have recently weighed in on HMY shares. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th.

Hedge Funds Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in Harmony Gold Mining by 46.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock worth $26,411,000 after buying an additional 542,200 shares during the period. Assetmark Inc. increased its stake in shares of Harmony Gold Mining by 4,535.7% during the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock valued at $4,175,000 after buying an additional 265,793 shares during the period. Asset One Wealth Management LLC bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $5,311,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Harmony Gold Mining by 1,118.1% during the first quarter. Y Intercept Hong Kong Ltd now owns 179,237 shares of the mining company’s stock valued at $2,755,000 after acquiring an additional 164,523 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Harmony Gold Mining by 22.0% during the first quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock valued at $13,939,000 after acquiring an additional 163,409 shares in the last quarter. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Stock Performance

HMY opened at $17.39 on Wednesday. The stock’s 50 day simple moving average is $19.30 and its 200 day simple moving average is $17.21. Harmony Gold Mining has a 1 year low of $13.03 and a 1 year high of $26.06.

Harmony Gold Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, October 19th. Shareholders of record on Friday, October 9th will be issued a $0.4611 dividend. This represents a yield of 481.0%. The ex-dividend date of this dividend is Friday, October 9th.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony’s operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.