Short Interest in Harmony Gold Mining Company Limited (NYSE:HMY) Decreases By 32.5%

Harmony Gold Mining Company Limited (NYSE:HMY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 5,390,000 shares, a decrease of 32.5% from the September 15th total of 7,990,000 shares. Based on an average daily trading volume, of 5,230,000 shares, the short-interest ratio is currently 1.0 days. Based on an average daily trading volume, of 5,230,000 shares, the short-interest ratio is currently 1.0 days.

Harmony Gold Mining Trading Down 2.3%

NYSE HMY opened at $17.47 on Friday. The business has a 50 day simple moving average of $16.74 and a 200 day simple moving average of $15.61. Harmony Gold Mining has a one year low of $7.97 and a one year high of $22.25. The stock has a market capitalization of $11.12 billion, a P/E ratio of 10.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41.

Harmony Gold Mining Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 10th were paid a dividend of $0.0893 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a yield of 98.0%. Harmony Gold Mining’s dividend payout ratio (DPR) is currently 8.28%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HMY shares. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Investec raised Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. BMO Capital Markets started coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. Finally, Zacks Research cut Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.20.

Institutional Investors Weigh In On Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in HMY. GAMMA Investing LLC grew its stake in Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock valued at $128,000 after acquiring an additional 866 shares during the period. Spire Wealth Management acquired a new stake in Harmony Gold Mining in the first quarter valued at approximately $33,000. Ativo Capital Management LLC acquired a new stake in Harmony Gold Mining in the first quarter valued at approximately $1,885,000. Bank of New York Mellon Corp grew its stake in Harmony Gold Mining by 69.6% in the first quarter. Bank of New York Mellon Corp now owns 48,257 shares of the mining company’s stock valued at $713,000 after acquiring an additional 19,801 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Harmony Gold Mining by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 159,728 shares of the mining company’s stock valued at $2,359,000 after acquiring an additional 5,826 shares during the period. 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.