Harmony Gold Mining (NYSE:HMY) Hits New 52-Week High – Time to Buy?

Harmony Gold Mining Company Limited (NYSE:HMY) hit a new 52-week high during trading on Thursday . The stock traded as high as $18.77 and last traded at $17.99, with a volume of 8178041 shares traded. The stock had previously closed at $17.35.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Harmony Gold Mining Trading Up 3.7 %

The business has a 50-day moving average of $12.75 and a two-hundred day moving average of $10.81. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.63 and a beta of 1.42.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be given a dividend of $0.1245 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is currently 11.24%.

Institutional Investors Weigh In On Harmony Gold Mining

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of Harmony Gold Mining by 71.4% during the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company’s stock worth $70,000 after acquiring an additional 1,961 shares during the period. Grove Bank & Trust raised its position in Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock worth $48,000 after purchasing an additional 4,081 shares during the period. GAMMA Investing LLC boosted its holdings in Harmony Gold Mining by 11.1% during the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after purchasing an additional 866 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at approximately $75,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

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.