Harmony Gold Mining (NYSE:HMY) Stock Rating Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research report report published on Monday,Wall Street Zen reports.

Several other equities research analysts have also commented on HMY. Weiss Ratings lowered shares of Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

HMY opened at $17.61 on Monday. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06. The company’s 50-day moving average is $17.81 and its 200 day moving average is $17.79.

Harmony Gold Mining Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, October 19th. Stockholders of record on Friday, October 9th were given a dividend of $0.4611 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a dividend yield of 546.0%.

Institutional Investors Weigh In On Harmony Gold Mining

A number of hedge funds have recently made changes to their positions in HMY. Hantz Financial Services Inc. grew its position in Harmony Gold Mining by 43.7% during the third quarter. Hantz Financial Services Inc. now owns 41,050 shares of the mining company’s stock valued at $727,000 after buying an additional 12,481 shares during the period. North of South Capital LLP raised its position in Harmony Gold Mining by 35.5% in the third quarter. North of South Capital LLP now owns 190,990 shares of the mining company’s stock worth $3,384,000 after acquiring an additional 50,044 shares during the period. Gen Wealth Partners Inc bought a new stake in Harmony Gold Mining in the third quarter worth about $33,000. Allspring Global Investments Holdings LLC bought a new stake in Harmony Gold Mining in the third quarter worth about $187,000. Finally, Parallel Advisors LLC boosted its stake in Harmony Gold Mining by 52.7% in the third quarter. Parallel Advisors LLC now owns 19,246 shares of the mining company’s stock valued at $341,000 after acquiring an additional 6,646 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African mining company focused on producing gold. Its activities include operating underground and surface mines, processing ore, and exploring for new mineral deposits. The company also produces silver and copper as by-products at some operations.

Founded in South Africa in 1950, Harmony has expanded its operations beyond its home country. It operates mines in South Africa and Papua New Guinea, including the Hidden Valley mine in Papua New Guinea, and participates in the Wafi-Golpu copper-gold project through a joint venture.

Harmony is headquartered in South Africa and is led by Chief Executive Officer Beyers Nel.