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

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research report released on Monday,Wall Street Zen reports.

Several other research firms have also recently weighed in on HMY. Weiss Ratings cut Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Zacks Research raised Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 1.7%

HMY stock opened at $16.08 on Monday. Harmony Gold Mining has a 12-month low of $13.03 and a 12-month high of $26.06. The stock’s 50 day simple moving average is $17.69 and its 200 day simple moving average is $17.72.

Harmony Gold Mining Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, October 19th. Investors of record on Friday, October 9th were given a dividend of $0.4611 per share. The ex-dividend date was Friday, October 9th. This represents a yield of 546.0%.

Institutional Investors Weigh In On Harmony Gold Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Harmony Gold Mining by 46.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock valued at $26,411,000 after buying an additional 542,200 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Harmony Gold Mining by 4,535.7% during the 1st quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock valued at $4,175,000 after buying an additional 265,793 shares during the period. Sei Investments Co. boosted its stake in shares of Harmony Gold Mining by 22.0% in the 1st quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after buying an additional 163,409 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Harmony Gold Mining in the 1st quarter worth $2,248,000. Finally, Barometer Capital Management Inc. boosted its stake in shares of Harmony Gold Mining by 1,118.8% in the 1st quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock worth $1,764,000 after buying an additional 107,400 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African mining company focused on producing gold. Its activities include operating underground and surface mines, processing ore, and exploring for new mineral deposits. The company also produces silver and copper as by-products at some operations. Founded in South Africa in 1950, Harmony has expanded its operations beyond its home country. It operates mines in South Africa and Papua New Guinea, including the Hidden Valley mine in Papua New Guinea, and participates in the Wafi-Golpu copper-gold project through a joint venture.