Harmony Gold Mining (NYSE:HMY) Price Target Raised to $8.40

Harmony Gold Mining (NYSE:HMY) had its price target boosted by JPMorgan Chase & Co. from $8.20 to $8.40 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.

Separately, Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $8.82 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $9.69. Harmony Gold Mining has a one year low of $5.32 and a one year high of $12.29.

Harmony Gold Mining Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders 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 dividend yield of 1.2%.

Institutional Trading of Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased 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 buying an additional 75,494 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Harmony Gold Mining by 19.7% in the first quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock valued at $139,000 after purchasing an additional 2,801 shares in the last quarter. QRG Capital Management Inc. bought a new position in Harmony Gold Mining in the first quarter valued at approximately $87,000. Acadian Asset Management LLC boosted its position in shares of Harmony Gold Mining by 234.5% during the first quarter. Acadian Asset Management LLC now owns 876,464 shares of the mining company’s stock worth $7,152,000 after purchasing an additional 614,445 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Harmony Gold Mining by 123.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,960 shares of the mining company’s stock valued at $310,000 after acquiring an additional 20,979 shares in the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

About Harmony Gold Mining

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.