Harmony Gold Mining (NYSE:HMY) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a report issued on Thursday morning.

HMY has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Bank of America assumed coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock.

Harmony Gold Mining Stock Up 1.3 %

NYSE HMY opened at $9.19 on Thursday. Harmony Gold Mining has a 12-month low of $5.40 and a 12-month high of $12.29. The firm’s 50 day moving average is $10.23 and its 200-day moving average is $9.72. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 11th were given a dividend of $0.042 per share. The ex-dividend date was Friday, October 11th. This represents a yield of 1.2%.

Hedge Funds Weigh In On Harmony Gold Mining

A number of hedge funds have recently modified their holdings of HMY. Hara Capital LLC bought a new position in Harmony Gold Mining during the third quarter worth $38,000. Ashton Thomas Private Wealth LLC bought a new stake in Harmony Gold Mining in the 2nd quarter valued at about $41,000. Diversified Trust Co acquired a new position in Harmony Gold Mining during the 2nd quarter worth approximately $93,000. Wallace Advisory Group LLC bought a new position in Harmony Gold Mining in the second quarter worth approximately $94,000. Finally, Ballentine Partners LLC bought a new position in Harmony Gold Mining in the second quarter worth approximately $112,000. 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.