Harmony Gold Mining (NYSE:HMY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining (NYSE:HMY) from an underweight rating to a neutral rating in a report issued on Thursday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $8.20 target price on the mining company’s stock, up from their previous target price of $4.90.

Harmony Gold Mining Price Performance

Shares of NYSE:HMY opened at $9.96 on Thursday. Harmony Gold Mining has a 52-week low of $4.42 and a 52-week high of $11.37. The business has a fifty day moving average of $9.92 and a two-hundred day moving average of $9.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Cuts Dividend

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

Institutional Trading of Harmony Gold Mining

Several hedge funds have recently made changes to their positions in the company. Diversify Advisory Services LLC purchased a new stake in shares of Harmony Gold Mining during the 1st quarter valued at approximately $712,000. SG Americas Securities LLC grew its holdings in shares of Harmony Gold Mining by 225.6% during the 1st quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock worth $890,000 after purchasing an additional 75,494 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Harmony Gold Mining during the 1st quarter worth about $2,097,000. Quantbot Technologies LP increased its position in shares of Harmony Gold Mining by 201.9% during the 1st quarter. Quantbot Technologies LP now owns 92,956 shares of the mining company’s stock worth $759,000 after purchasing an additional 62,169 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in Harmony Gold Mining by 19.7% in the 1st quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock valued at $139,000 after buying an additional 2,801 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.