Harmony Gold Mining (NYSE:HMY) Cut to Hold at StockNews.com

StockNews.com cut shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a report issued on Thursday.

HMY has been the subject of several other reports. JPMorgan Chase & Co. raised their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $9.19 on Thursday. Harmony Gold Mining has a 52-week low of $5.40 and a 52-week high of $12.29. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $10.23 and its 200 day moving average price is $9.72.

Harmony Gold Mining Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were given a $0.042 dividend. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, October 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hara Capital LLC acquired a new position in shares of Harmony Gold Mining in the 3rd quarter worth approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new position in Harmony Gold Mining in the second quarter worth $41,000. Diversified Trust Co bought a new stake in shares of Harmony Gold Mining during the second quarter worth $93,000. Wallace Advisory Group LLC acquired a new stake in Harmony Gold Mining in the 2nd quarter valued at about $94,000. Finally, International Assets Investment Management LLC bought a new position in Harmony Gold Mining in the 3rd quarter worth approximately $1,035,000. Institutional investors own 31.79% of the company’s stock.

About Harmony Gold Mining

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.