Harmony Gold Mining (NYSE:HMY) Stock Moved Down to “Hold” by Wall Street Zen

Wall Street Zen downgraded shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms have also recently issued reports on HMY. Weiss Ratings upgraded Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Zacks Research raised Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Up 0.2%

Harmony Gold Mining stock opened at $16.87 on Friday. The stock has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $17.30. Harmony Gold Mining has a 12-month low of $13.03 and a 12-month high of $26.06.

Harmony Gold Mining Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, October 19th. Investors of record on Friday, October 9th will be given a $0.4611 dividend. This represents a yield of 546.0%. The ex-dividend date of this dividend is Friday, October 9th.

Institutional Trading of Harmony Gold Mining

Several hedge funds and other institutional investors have recently modified their holdings of HMY. Ascentis Independent Advisors acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new position in Harmony Gold Mining during the 1st quarter worth $33,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Harmony Gold Mining in the first quarter valued at about $34,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $36,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Harmony Gold Mining by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 4,883 shares of the mining company’s stock valued at $87,000 after acquiring an additional 642 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.