Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $9.29

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.29, but opened at $8.67. Harmony Gold Mining shares last traded at $8.69, with a volume of 3,417,481 shares.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a research report on Wednesday, April 17th. Finally, StockNews.com downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th.

Harmony Gold Mining Stock Performance

The business’s 50-day moving average price is $7.52 and its 200 day moving average price is $6.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 12th were issued a $0.062 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 1.2%. This is a positive change from Harmony Gold Mining’s previous Semi-Annual dividend of $0.03.

Hedge Funds Weigh In On Harmony Gold Mining

A number of institutional investors have recently made changes to their positions in HMY. Arlington Capital Management Inc. increased its holdings in shares of Harmony Gold Mining by 1.7% in the 3rd quarter. Arlington Capital Management Inc. now owns 177,338 shares of the mining company’s stock valued at $667,000 after acquiring an additional 2,910 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Harmony Gold Mining by 122.4% during the third quarter. Mackenzie Financial Corp now owns 739,877 shares of the mining company’s stock worth $2,782,000 after purchasing an additional 407,159 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Harmony Gold Mining by 55.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,627,682 shares of the mining company’s stock worth $6,120,000 after acquiring an additional 579,506 shares during the period. Jump Financial LLC lifted its holdings in shares of Harmony Gold Mining by 1,134.5% in the 3rd quarter. Jump Financial LLC now owns 343,735 shares of the mining company’s stock worth $1,292,000 after purchasing an additional 315,890 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Harmony Gold Mining by 31.0% during the 3rd quarter. Quantbot Technologies LP now owns 55,388 shares of the mining company’s stock valued at $208,000 after purchasing an additional 13,111 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

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.