Harmony Gold Mining Company Limited (NYSE:HMY – Get Rating)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $1.92 and last traded at $1.97, with a volume of 472945 shares changing hands. The stock had previously closed at $2.13.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. StockNews.com raised Harmony Gold Mining from a "sell" rating to a "hold" rating in a research report on Thursday, September 1st. UBS Group lowered Harmony Gold Mining from a "buy" rating to a "neutral" rating in a report on Wednesday, September 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Harmony Gold Mining currently has an average rating of "Hold" and an average target price of $4.00.
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Harmony Gold Mining Price Performance
The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 0.11. The stock has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $3.64.
Harmony Gold Mining Cuts Dividend
The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 24th. Shareholders of record on Friday, October 14th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, October 13th.
Hedge Funds Weigh In On Harmony Gold Mining
Several hedge funds and other institutional investors have recently made changes to their positions in HMY. Bank of Montreal Can boosted its position in shares of Harmony Gold Mining by 7.2% during the fourth quarter. Bank of Montreal Can now owns 374,853 shares of the mining company's stock worth $1,530,000 after buying an additional 25,302 shares during the period. Renaissance Technologies LLC acquired a new stake in Harmony Gold Mining in the fourth quarter worth approximately $5,019,000. Schroder Investment Management Group acquired a new stake in Harmony Gold Mining in the fourth quarter worth approximately $3,519,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Harmony Gold Mining in the fourth quarter worth approximately $165,000. Finally, Sigma Planning Corp lifted its position in Harmony Gold Mining by 16.5% in the first quarter. Sigma Planning Corp now owns 126,000 shares of the mining company's stock worth $634,000 after purchasing an additional 17,841 shares during the period. 27.46% of the stock is currently owned by institutional investors and hedge funds.
About Harmony Gold Mining
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Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa.
Further Reading
- Get a free copy of the StockNews.com research report on Harmony Gold Mining (HMY)
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