Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of research analysts recently weighed in on HMY shares. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th.

Harmony Gold Mining Price Performance

HMY stock opened at $17.55 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining has a 1-year low of $12.58 and a 1-year high of $26.06. The business’s 50 day simple moving average is $16.30 and its 200 day simple moving average is $18.83.

Harmony Gold Mining Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 5th. Investors of record on Friday, April 24th were paid a $0.3124 dividend. The ex-dividend date was Friday, April 24th. This represents a yield of 372.0%.

Institutional Trading of Harmony Gold Mining

Several institutional investors have recently added to or reduced their stakes in HMY. Advisory Services Network LLC bought a new stake in Harmony Gold Mining in the 3rd quarter valued at $25,000. TD Private Client Wealth LLC bought a new stake in Harmony Gold Mining in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Harmony Gold Mining in the 4th quarter valued at $26,000. Ascentis Independent Advisors bought a new stake in Harmony Gold Mining in the 1st quarter valued at $28,000. Finally, Assetmark Inc. boosted its stake in Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after purchasing an additional 1,579 shares during the period. 31.79% of the stock is currently owned by institutional investors.

About Harmony Gold Mining

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.