Harmony Gold Mining Company Limited (NYSE:HMY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.00.

A number of equities analysts recently issued reports on HMY shares. Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Finally, Wall Street Zen cut Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th.

Institutional Trading of Harmony Gold Mining

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining in the 3rd quarter worth $25,000. TD Private Client Wealth LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth $26,000. Assetmark Inc. grew its stake in shares of Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth $36,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 0.8%

Shares of HMY opened at $15.81 on Wednesday. Harmony Gold Mining has a 12-month low of $12.58 and a 12-month high of $26.06. The business’s fifty day moving average is $18.68 and its 200 day moving average is $19.07. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

Harmony Gold Mining Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Friday, April 24th will be paid a $0.3124 dividend. The ex-dividend date is Friday, April 24th. This represents a dividend yield of 430.0%.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.