Harmony Gold Mining (NYSE:HMY) Shares Up 6.3%

Harmony Gold Mining Company Limited (NYSE:HMY) shares shot up 6.3% during mid-day trading on Thursday . The company traded as high as $9.40 and last traded at $9.34. 1,994,949 shares changed hands during trading, a decline of 60% from the average session volume of 4,959,000 shares. The stock had previously closed at $8.79.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd.

Harmony Gold Mining Trading Up 2.9 %

The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $8.94.

Harmony Gold Mining Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be paid a $0.042 dividend. This represents a yield of 1.2%. The ex-dividend date is Friday, October 11th.

Hedge Funds Weigh In On Harmony Gold Mining

A number of large investors have recently added to or reduced their stakes in HMY. Van ECK Associates Corp boosted its holdings in shares of Harmony Gold Mining by 30.0% in the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock valued at $612,884,000 after acquiring an additional 17,298,604 shares during the last quarter. Polunin Capital Partners Ltd grew its holdings in Harmony Gold Mining by 10.0% in the 1st quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock valued at $90,553,000 after buying an additional 1,005,685 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Harmony Gold Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,238,873 shares of the mining company’s stock valued at $50,668,000 after buying an additional 42,126 shares during the period. Tidal Investments LLC acquired a new position in Harmony Gold Mining in the first quarter valued at about $59,033,000. Finally, Acadian Asset Management LLC boosted its position in shares of Harmony Gold Mining by 111.5% during the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after buying an additional 977,142 shares during the period. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.