Harmony Gold Mining (NYSE:HMY) Sets New 1-Year High – Here’s What Happened

Harmony Gold Mining Company Limited (NYSE:HMY) reached a new 52-week high on Tuesday . The company traded as high as $13.12 and last traded at $12.92, with a volume of 530228 shares trading hands. The stock had previously closed at $12.66.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Stock Up 0.9 %

The business’s fifty day simple moving average is $11.26 and its two-hundred day simple moving average is $10.19. The company has a market cap of $8.11 billion, a PE ratio of 7.56, a PEG ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Increases Dividend

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

Institutional Trading of Harmony Gold Mining

Several institutional investors have recently bought and sold shares of HMY. ABC Arbitrage SA purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $20,229,000. Renaissance Technologies LLC purchased a new position in Harmony Gold Mining during the fourth quarter valued at $11,903,000. Wellington Management Group LLP grew its position in shares of Harmony Gold Mining by 76.8% in the third quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock valued at $27,219,000 after purchasing an additional 1,162,292 shares during the period. Millennium Management LLC increased its stake in shares of Harmony Gold Mining by 59.5% during the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company’s stock worth $21,635,000 after purchasing an additional 982,740 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Harmony Gold Mining by 274.0% during the 4th quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company’s stock worth $4,092,000 after purchasing an additional 365,132 shares during the last quarter. 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.