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

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.00.

HMY has been the subject of a number of research analyst reports. Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday, October 8th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 22nd.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HMY. Jump Financial LLC grew its position in shares of Harmony Gold Mining by 2,655.3% during the 1st quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock worth $8,649,000 after buying an additional 564,354 shares in the last quarter. Walleye Capital LLC grew its holdings in Harmony Gold Mining by 103.6% during the 1st quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock worth $3,607,000 after acquiring an additional 124,287 shares in the last quarter. Russell Investments Group Ltd. increased its position in Harmony Gold Mining by 30.7% during the 1st quarter. Russell Investments Group Ltd. now owns 467,378 shares of the mining company’s stock valued at $6,571,000 after purchasing an additional 109,873 shares during the period. U S Global Investors Inc. raised its holdings in shares of Harmony Gold Mining by 105.3% in the 2nd quarter. U S Global Investors Inc. now owns 307,960 shares of the mining company’s stock valued at $4,302,000 after purchasing an additional 157,960 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Harmony Gold Mining by 14.9% in the 1st quarter. American Century Companies Inc. now owns 3,805,276 shares of the mining company’s stock valued at $56,204,000 after purchasing an additional 493,041 shares in the last quarter. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $19.03 on Thursday. Harmony Gold Mining has a 1 year low of $7.97 and a 1 year high of $22.25. The firm has a 50-day simple moving average of $17.97 and a two-hundred day simple moving average of $15.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41.

Harmony Gold Mining Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were issued a $0.0893 dividend. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 98.0%.

Harmony Gold Mining Company Profile

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.