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

Harmony Gold Mining Company Limited (NYSE:HMY) gapped up before the market opened 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.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, July 3rd.

Harmony Gold Mining Price Performance

The stock has a market cap of $6.81 billion, a PE ratio of 9.21 and a beta of 1.78. The company has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $9.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Cuts Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Diversify Advisory Services LLC acquired a new position in shares of Harmony Gold Mining during the 1st quarter worth $712,000. SG Americas Securities LLC raised its position in Harmony Gold Mining by 225.6% during the first quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock worth $890,000 after acquiring an additional 75,494 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Harmony Gold Mining in the first quarter valued at about $2,097,000. Quantbot Technologies LP grew its position in shares of Harmony Gold Mining by 201.9% in the first quarter. Quantbot Technologies LP now owns 92,956 shares of the mining company’s stock valued at $759,000 after purchasing an additional 62,169 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Harmony Gold Mining by 19.7% during the 1st quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock valued at $139,000 after buying an additional 2,801 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.