JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Harmony Gold Mining (NYSE:HMY) Stock

Harmony Gold Mining (NYSE:HMY) had its target price lifted by JPMorgan Chase & Co. from $8.20 to $8.40 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the mining company’s stock.

Separately, Bank of America assumed coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating on the stock.

Harmony Gold Mining Trading Down 1.8 %

Shares of NYSE:HMY opened at $8.66 on Tuesday. The company’s 50 day moving average price is $10.28 and its two-hundred day moving average price is $9.68. Harmony Gold Mining has a 12-month low of $5.32 and a 12-month high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a dividend yield of 1.2%.

Institutional Trading of Harmony Gold Mining

Several large investors have recently made changes to their positions in HMY. SG Americas Securities LLC boosted its position in shares of Harmony Gold Mining by 225.6% during the 1st quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock worth $890,000 after acquiring an additional 75,494 shares in the last quarter. Atomi Financial Group Inc. boosted its position in shares of Harmony Gold Mining by 19.7% during the 1st quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock worth $139,000 after acquiring an additional 2,801 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of Harmony Gold Mining during the 1st quarter worth approximately $87,000. Acadian Asset Management LLC boosted its position in Harmony Gold Mining by 234.5% in the first quarter. Acadian Asset Management LLC now owns 876,464 shares of the mining company’s stock valued at $7,152,000 after buying an additional 614,445 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Harmony Gold Mining by 123.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 37,960 shares of the mining company’s stock valued at $310,000 after buying an additional 20,979 shares in the last quarter. Institutional investors and hedge funds 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.