Harmony Gold Mining (NYSE:HMY) Shares Gap Down – Here’s What Happened

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) gapped down prior to trading on Monday . The stock had previously closed at $17.16, but opened at $16.65. Harmony Gold Mining shares last traded at $17.10, with a volume of 2,204,800 shares changing hands.

Analyst Ratings Changes

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

Harmony Gold Mining Trading Down 0.5 %

The company has a market capitalization of $10.84 billion, a P/E ratio of 10.10, a PEG ratio of 0.63 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a fifty day moving average of $12.42 and a 200 day moving average of $10.67.

Harmony Gold Mining Increases Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMY. FMR LLC increased its stake in shares of Harmony Gold Mining by 522.6% in the third quarter. FMR LLC now owns 38,620 shares of the mining company’s stock worth $393,000 after purchasing an additional 32,417 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Harmony Gold Mining in the 3rd quarter worth $528,000. HighTower Advisors LLC increased its stake in Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after buying an additional 39,237 shares in the last quarter. MML Investors Services LLC raised its holdings in Harmony Gold Mining by 212.5% during the third quarter. MML Investors Services LLC now owns 31,405 shares of the mining company’s stock valued at $319,000 after acquiring an additional 21,356 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Harmony Gold Mining in the third quarter worth about $1,412,000. Institutional investors own 31.79% of the company’s stock.

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.