Harmony Gold Mining Company Limited (NYSE:HMY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have issued reports on HMY. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Finally, Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th.

Harmony Gold Mining Stock Up 0.2%

HMY stock opened at $17.34 on Wednesday. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06. The company has a 50-day moving average price of $19.36 and a 200 day moving average price of $17.26.

Harmony Gold Mining Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, October 19th. Shareholders of record on Friday, October 9th will be paid a $0.4611 dividend. The ex-dividend date is Friday, October 9th. This represents a yield of 481.0%.

Institutional Trading of Harmony Gold Mining

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in Harmony Gold Mining by 46.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock worth $26,411,000 after buying an additional 542,200 shares during the period. Sei Investments Co. boosted its position in Harmony Gold Mining by 22.0% in the 1st quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock valued at $13,939,000 after buying an additional 163,409 shares during the period. Public Employees Retirement System of Ohio boosted its position in Harmony Gold Mining by 18.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 553,186 shares of the mining company’s stock valued at $8,502,000 after buying an additional 86,827 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in Harmony Gold Mining by 2.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 400,574 shares of the mining company’s stock worth $6,157,000 after acquiring an additional 9,089 shares in the last quarter. Finally, U S Global Investors Inc. grew its stake in Harmony Gold Mining by 49.4% in the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after acquiring an additional 131,538 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining

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.