Harmony Gold Mining (NYSE:HMY) Sets New 1-Year High – Here’s What Happened

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) hit a new 52-week high during trading on Tuesday . The company traded as high as $13.12 and last traded at $12.92, with a volume of 530228 shares trading hands. The stock had previously closed at $12.66.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Harmony Gold Mining Trading Down 0.7 %

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 firm has a 50 day moving average price of $11.38 and a 200 day moving average price of $10.24. The stock has a market capitalization of $7.97 billion, a PE ratio of 7.43, a P/E/G ratio of 0.63 and a beta of 1.85.

Harmony Gold Mining Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be issued a $0.1245 dividend. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 0.9%. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio is currently 11.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HMY. Advisors Asset Management Inc. purchased a new stake in shares of Harmony Gold Mining during the third quarter valued at approximately $241,000. Bank of Montreal Can raised its stake in shares of Harmony Gold Mining by 4.0% in the third quarter. Bank of Montreal Can now owns 228,288 shares of the mining company’s stock valued at $2,466,000 after buying an additional 8,862 shares during the period. FMR LLC lifted its position in shares of Harmony Gold Mining by 522.6% during the 3rd quarter. FMR LLC now owns 38,620 shares of the mining company’s stock valued at $393,000 after buying an additional 32,417 shares during the last quarter. Bridgewater Associates LP grew its stake in shares of Harmony Gold Mining by 34.6% during the 3rd quarter. Bridgewater Associates LP now owns 403,178 shares of the mining company’s stock worth $4,100,000 after acquiring an additional 103,608 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Harmony Gold Mining in the 3rd quarter worth about $528,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

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.