Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $9.52

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) gapped up before the market opened on Friday . The stock had previously closed at $9.52, but opened at $9.98. Harmony Gold Mining shares last traded at $9.92, with a volume of 490,013 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, July 3rd.

Harmony Gold Mining Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company has a 50 day moving average price of $9.65 and a 200 day moving average price of $8.96.

Harmony Gold Mining Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be issued a $0.042 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a yield of 1.2%.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds have recently added to or reduced their stakes in the stock. Beverly Hills Private Wealth LLC grew its position in shares of Harmony Gold Mining by 5.0% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock valued at $265,000 after purchasing an additional 1,378 shares during the period. GAMMA Investing LLC boosted its stake in Harmony Gold Mining by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after purchasing an additional 1,496 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Harmony Gold Mining by 20.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after purchasing an additional 2,377 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Harmony Gold Mining by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock worth $178,000 after buying an additional 2,611 shares during the period. Finally, Atomi Financial Group Inc. grew its holdings in shares of Harmony Gold Mining by 19.7% during the first quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock worth $139,000 after buying an additional 2,801 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.