Harmony Gold Mining (NYSE:HMY) Trading Up 3% – What’s Next?

Harmony Gold Mining Company Limited (NYSE:HMY) traded up 3% during mid-day trading on Monday . The stock traded as high as $14.37 and last traded at $14.48. 1,601,043 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,176,230 shares. The stock had previously closed at $14.06.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, March 7th.

Harmony Gold Mining Price Performance

The stock’s fifty day moving average price is $11.73 and its 200-day moving average price is $10.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1245 per share. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 0.9%. Harmony Gold Mining’s payout ratio is currently 11.24%.

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds have recently bought and sold shares of the business. PKO Investment Management Joint Stock Co acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at about $2,452,000. Mackenzie Financial Corp grew its position in Harmony Gold Mining by 12.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company’s stock valued at $13,135,000 after purchasing an additional 171,136 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in Harmony Gold Mining in the 4th quarter valued at approximately $539,000. GTS Securities LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at $492,000. Finally, Vise Technologies Inc. purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at $130,000. 31.79% of the stock is owned by hedge funds and other 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.