Harmony Gold Mining (NYSE:HMY) Hits New 12-Month Low at $1.92

Harmony Gold Mining Company Limited (NYSE:HMYGet Rating) reached a new 52-week low during trading on Friday . The company traded as low as $1.92 and last traded at $1.97, with a volume of 472945 shares changing hands. The stock had previously closed at $2.13.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, September 1st. UBS Group downgraded Harmony Gold Mining from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.00.

Harmony Gold Mining Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.51 and a quick ratio of 0.94. The business has a 50 day simple moving average of $2.91 and a two-hundred day simple moving average of $3.64.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Monday, October 24th. Stockholders of record on Friday, October 14th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, October 13th.

Hedge Funds Weigh In On Harmony Gold Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in HMY. Polunin Capital Partners Ltd bought a new position in shares of Harmony Gold Mining during the 1st quarter worth $50,201,000. Condire Management LP bought a new stake in Harmony Gold Mining during the second quarter valued at about $18,398,000. Russell Investments Group Ltd. boosted its holdings in Harmony Gold Mining by 169.2% in the second quarter. Russell Investments Group Ltd. now owns 5,451,476 shares of the mining company’s stock worth $17,061,000 after acquiring an additional 3,426,471 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Harmony Gold Mining by 6.2% in the first quarter. Van ECK Associates Corp now owns 55,098,526 shares of the mining company’s stock worth $277,146,000 after acquiring an additional 3,235,196 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Harmony Gold Mining by 542.6% in the second quarter. Renaissance Technologies LLC now owns 3,545,720 shares of the mining company’s stock worth $11,098,000 after acquiring an additional 2,993,900 shares in the last quarter. Institutional investors own 27.46% of the company’s stock.

Harmony Gold Mining Company Profile

(Get Rating)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa.

Further Reading

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