Harmony Gold Mining (NYSE:HMY) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen downgraded shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research report report published on Sunday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

NYSE HMY opened at $14.45 on Friday. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06. The stock’s 50 day moving average is $18.51 and its 200 day moving average is $17.96.

Harmony Gold Mining Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, October 19th. Shareholders of record on Friday, October 9th were paid a dividend of $0.4611 per share. The ex-dividend date was Friday, October 9th. This represents a yield of 546.0%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in shares of Harmony Gold Mining by 46.1% in the first quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock worth $26,411,000 after buying an additional 542,200 shares during the last quarter. Sei Investments Co. lifted its stake in Harmony Gold Mining by 22.0% during the first quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after purchasing an additional 163,409 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Harmony Gold Mining by 18.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 553,186 shares of the mining company’s stock valued at $8,502,000 after purchasing an additional 86,827 shares in the last quarter. U S Global Investors Inc. raised its stake in Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after acquiring an additional 131,538 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Harmony Gold Mining by 4,535.7% during the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after purchasing an additional 265,793 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.