Harmony Gold Mining Co. (NYSE:HMY) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 6,336,123 shares, a growth of 98.5% from the September 15th total of 3,191,317 shares. Based on an average trading volume of 4,745,540 shares, the days-to-cover ratio is presently 1.3 days.

HMY has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Tuesday, July 12th. Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Macquarie upgraded Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Shares of Harmony Gold Mining (NYSE:HMY) opened at 2.94 on Monday. The company has a market capitalization of $1.28 billion, a P/E ratio of 19.22 and a beta of -1.24. Harmony Gold Mining has a one year low of $0.53 and a one year high of $4.87. The firm has a 50-day moving average price of $3.47 and a 200-day moving average price of $3.72.

The firm also recently announced a semiannual dividend, which was paid on Monday, September 26th. Shareholders of record on Friday, September 16th were paid a $0.0372 dividend. The ex-dividend date was Wednesday, September 14th. This represents a yield of 1.9%. Harmony Gold Mining’s dividend payout ratio is currently -5.48%.

Institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in Harmony Gold Mining during the first quarter worth about $223,441,000. Acadian Asset Management LLC boosted its position in Harmony Gold Mining by 125.3% in the second quarter. Acadian Asset Management LLC now owns 8,588,571 shares of the mining company’s stock worth $31,005,000 after buying an additional 4,776,562 shares during the last quarter. Renaissance Technologies LLC boosted its position in Harmony Gold Mining by 30.7% in the first quarter. Renaissance Technologies LLC now owns 12,358,919 shares of the mining company’s stock worth $44,986,000 after buying an additional 2,901,720 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Harmony Gold Mining during the second quarter worth about $10,229,000. Finally, Numeric Investors LLC boosted its position in Harmony Gold Mining by 80.6% in the second quarter. Numeric Investors LLC now owns 5,213,101 shares of the mining company’s stock worth $18,819,000 after buying an additional 2,326,837 shares during the last quarter. Institutional investors and hedge funds own 26.06% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Company’s operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations.

5 Day Chart for NYSE:HMY

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