Harmony Gold Mining (NYSE:HMY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also commented on the company. Weiss Ratings lowered Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Harmony Gold Mining currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $15.12 on Friday. The stock’s 50-day simple moving average is $18.19 and its two-hundred day simple moving average is $17.90. Harmony Gold Mining has a twelve month low of $13.03 and a twelve month high of $26.06.

Harmony Gold Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, October 19th. Investors of record on Friday, October 9th were issued a dividend of $0.4611 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a dividend yield of 546.0%.

Institutional Trading of Harmony Gold Mining

Several hedge funds have recently added to or reduced their stakes in HMY. Farther Finance Advisors LLC boosted its position in Harmony Gold Mining by 15.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,883 shares of the mining company’s stock valued at $87,000 after buying an additional 642 shares during the period. GAMMA Investing LLC increased its position in shares of Harmony Gold Mining by 7.6% in the second quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock valued at $145,000 after acquiring an additional 678 shares during the period. Parallel Advisors LLC increased its position in shares of Harmony Gold Mining by 15.5% in the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after acquiring an additional 852 shares during the period. Royal Bank of Canada raised its stake in shares of Harmony Gold Mining by 11.5% during the first quarter. Royal Bank of Canada now owns 11,003 shares of the mining company’s stock valued at $169,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Ascentis Independent Advisors bought a new position in shares of Harmony Gold Mining during the first quarter valued at about $28,000. 31.79% of the stock is owned by institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.