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

Harmony Gold Mining Company Limited (NYSE:HMY) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.00.

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

Institutional Investors Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Wealth Management LLC increased its position in Harmony Gold Mining by 35.1% during the first quarter. Diversify Wealth Management LLC now owns 187,697 shares of the mining company’s stock worth $2,827,000 after acquiring an additional 48,810 shares during the period. U S Global Investors Inc. boosted its holdings in Harmony Gold Mining by 49.4% in the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after purchasing an additional 131,538 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Harmony Gold Mining by 37.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 16,040 shares of the mining company’s stock valued at $247,000 after purchasing an additional 4,328 shares during the period. Ascentis Independent Advisors acquired a new stake in Harmony Gold Mining in the 1st quarter worth $28,000. Finally, Wealthstar Advisors LLC acquired a new stake in Harmony Gold Mining in the 1st quarter worth $970,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of Harmony Gold Mining stock opened at $15.57 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. The firm has a fifty day simple moving average of $17.16 and a 200-day simple moving average of $18.90. Harmony Gold Mining has a 1-year low of $12.58 and a 1-year high of $26.06.

Harmony Gold Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.3124 per share. The ex-dividend date is Friday, April 24th. This represents a dividend 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.