Harmony Gold Mining Company Limited (NYSE:HMY) Stock Rated “Moderate Buy” by Wall Street Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages recently commented on HMY. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th.

Harmony Gold Mining Trading Up 0.0%

Shares of Harmony Gold Mining stock opened at $17.39 on Wednesday. The business’s fifty day simple moving average is $19.30 and its 200 day simple moving average is $17.23. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06.

Harmony Gold Mining Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, October 19th. Stockholders of record on Friday, October 9th will be given a dividend of $0.4611 per share. The ex-dividend date is Friday, October 9th. This represents a dividend yield of 481.0%.

Hedge Funds Weigh In On Harmony Gold Mining

A number of large investors have recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in shares of Harmony Gold Mining during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new position in Harmony Gold Mining in the first quarter valued at $33,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Harmony Gold Mining during the first quarter valued at about $34,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Harmony Gold Mining during the fourth quarter valued at about $36,000. Finally, Parallel Advisors LLC lifted its stake in Harmony Gold Mining by 15.5% during the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock worth $98,000 after purchasing an additional 852 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony’s operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.