Harmony Gold Mining Target of Unusually Large Options Trading (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) saw unusually large options trading activity on Monday. Investors purchased 3,063 call options on the stock. This is an increase of approximately 44% compared to the typical daily volume of 2,131 call options.

Harmony Gold Mining Price Performance

Shares of HMY stock traded up $0.03 during trading hours on Monday, reaching $17.19. The company had a trading volume of 3,438,257 shares, compared to its average volume of 5,245,125. Harmony Gold Mining has a 12-month low of $7.97 and a 12-month high of $17.37. 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 company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.63 and a beta of 1.42. 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 announced a semi-annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Friday, April 11th will be paid a $0.1245 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. Harmony Gold Mining’s dividend payout ratio (DPR) is 11.24%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $20,229,000. Summit Financial LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $1,233,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at approximately $1,412,000. Y Intercept Hong Kong Ltd acquired a new position in Harmony Gold Mining in the fourth quarter valued at approximately $923,000. Finally, HighTower Advisors LLC grew its position in Harmony Gold Mining by 298.5% in the third quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after acquiring an additional 39,237 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

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

About Harmony Gold Mining

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.