Harmony Gold Mining Company Limited (NYSE:HMY) Plans $0.04 Semi-Annual Dividend

Harmony Gold Mining Company Limited (NYSE:HMY) announced a Semi-Annual dividend on Friday, September 6th, Zacks reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.042 per share by the mining company on Monday, October 21st. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 11th.

Harmony Gold Mining has a dividend payout ratio of 7.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Harmony Gold Mining to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.0%.

Harmony Gold Mining Stock Performance

Shares of HMY opened at $9.34 on Wednesday. The company’s 50 day simple moving average is $9.90 and its 200-day simple moving average is $9.32. Harmony Gold Mining has a 12-month low of $3.97 and a 12-month high of $11.37. The firm has a market cap of $5.91 billion, a PE ratio of 7.98 and a beta of 1.79. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased 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.

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.