Shares of Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.00.
A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th.
Harmony Gold Mining Price Performance
Harmony Gold Mining Announces Dividend
The firm also recently announced a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were given a dividend of $0.3124 per share. This represents a dividend yield of 372.0%. The ex-dividend date was Friday, April 24th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ballentine Partners LLC lifted its holdings in Harmony Gold Mining by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock valued at $256,000 after buying an additional 607 shares during the period. Parallel Advisors LLC lifted its holdings in Harmony Gold Mining by 15.5% in the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after buying an additional 852 shares during the period. Compound Planning Inc. lifted its holdings in Harmony Gold Mining by 3.5% in the third quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock valued at $484,000 after buying an additional 913 shares during the period. Vise Technologies Inc. lifted its holdings in Harmony Gold Mining by 4.5% in the fourth quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock valued at $478,000 after buying an additional 1,030 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in Harmony Gold Mining by 4.9% in the fourth quarter. Personal CFO Solutions LLC now owns 23,980 shares of the mining company’s stock valued at $477,000 after buying an additional 1,127 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.
About Harmony Gold Mining
Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.
In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.
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