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

Harmony Gold Mining Company Limited (NYSE:HMY) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of analysts have recently weighed in on HMY shares. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Hedge Funds Weigh In On Harmony Gold Mining

A number of institutional investors have recently modified their holdings of the business. Ballentine Partners LLC raised its holdings in shares of Harmony Gold Mining by 5.0% during the 4th quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock worth $256,000 after buying an additional 607 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Harmony Gold Mining by 15.5% during the 1st quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock worth $98,000 after buying an additional 852 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of Harmony Gold Mining by 3.5% during the 3rd quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after buying an additional 913 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of Harmony Gold Mining by 4.5% during the 4th quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock worth $478,000 after buying an additional 1,030 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its holdings in shares of Harmony Gold Mining by 4.9% during the 4th quarter. Personal CFO Solutions LLC now owns 23,980 shares of the mining company’s stock worth $477,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $17.55 on Thursday. The stock has a fifty day moving average price of $16.30 and a 200-day moving average price of $18.83. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. Harmony Gold Mining has a fifty-two week low of $12.58 and a fifty-two week high of $26.06.

Harmony Gold Mining Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th were given a dividend of $0.3124 per share. This represents a dividend yield of 372.0%. The ex-dividend date was Friday, April 24th.

Harmony Gold Mining Company Profile

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.