Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $10.17

Harmony Gold Mining Company Limited (NYSE:HMY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.17, but opened at $10.53. Harmony Gold Mining shares last traded at $10.67, with a volume of 199,235 shares changing hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered 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 Trading Up 5.9 %

The business’s fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $9.24. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 9.21 and a beta of 1.78.

Harmony Gold Mining Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 11th will be given a $0.042 dividend. The ex-dividend date is Friday, October 11th. This represents a yield of 1.2%. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 6.84%.

Institutional Trading of Harmony Gold Mining

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Harmony Gold Mining during the 2nd quarter worth $41,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Harmony Gold Mining during the first quarter worth about $52,000. GAMMA Investing LLC grew its holdings in shares of Harmony Gold Mining by 29.2% during the first quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after buying an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Harmony Gold Mining during the 1st quarter valued at approximately $77,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

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.