Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other brokerages also recently commented on HMY. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings raised shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Harmony Gold Mining has an average rating of “Moderate Buy”.

Harmony Gold Mining Trading Up 0.5%

HMY stock opened at $15.91 on Friday. The business’s 50-day moving average price is $18.98 and its two-hundred day moving average price is $18.10. Harmony Gold Mining has a 1-year low of $13.03 and a 1-year high of $26.06.

Harmony Gold Mining Dividend Announcement

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

Institutional Inflows and Outflows

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

About Harmony Gold Mining

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.