Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. Investec raised shares of Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Up 6.9%

Shares of HMY opened at $17.77 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The business’s 50 day moving average price is $17.59 and its 200-day moving average price is $15.70. Harmony Gold Mining has a 52 week low of $7.97 and a 52 week high of $22.25.

Harmony Gold Mining Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 10th were paid a $0.0893 dividend. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 98.0%.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMY. Advisory Services Network LLC bought a new stake in Harmony Gold Mining in the 3rd quarter worth approximately $25,000. Colonial Trust Advisors purchased a new position in shares of Harmony Gold Mining in the 2nd quarter worth $26,000. Assetmark Inc. grew its holdings in shares of Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after acquiring an additional 1,579 shares during the period. Farther Finance Advisors LLC increased its position in Harmony Gold Mining by 181.8% during the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after acquiring an additional 1,789 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in Harmony Gold Mining in the second quarter valued at about $55,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.