Recent Analysts’ Ratings Updates for Harmony Gold Mining (HMY)

Harmony Gold Mining (NYSE: HMY) has recently received a number of price target changes and ratings updates:

• 11/28/2024 – Harmony Gold Mining was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/20/2024 – Harmony Gold Mining was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/12/2024 – Harmony Gold Mining had its price target raised by analysts at JPMorgan Chase & Co. from $8.20 to $8.40. They now have a “neutral” rating on the stock.
• 11/12/2024 – Harmony Gold Mining was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/21/2024 – Harmony Gold Mining is now covered by analysts at Bank of America Co.. They set a “neutral” rating on the stock.
• 10/10/2024 – Harmony Gold Mining was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $8.20 price target on the stock, up previously from $4.90.

Harmony Gold Mining Trading Down 1.8 %

Shares of Harmony Gold Mining stock opened at $9.02 on Monday. The company’s 50 day moving average price is $10.23 and its two-hundred day moving average price is $9.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining Company Limited has a fifty-two week low of $5.40 and a fifty-two week high of $12.29.

Harmony Gold Mining Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HMY. Veracity Capital LLC raised its position in Harmony Gold Mining by 7.9% during the 3rd quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock worth $140,000 after purchasing an additional 1,003 shares during the last quarter. Beverly Hills Private Wealth LLC increased its stake in shares of Harmony Gold Mining by 5.0% in the second quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock valued at $265,000 after buying an additional 1,378 shares during the period. Creative Planning raised its position in shares of Harmony Gold Mining by 3.6% during the third quarter. Creative Planning now owns 59,686 shares of the mining company’s stock worth $607,000 after acquiring an additional 2,061 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after acquiring an additional 2,377 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Harmony Gold Mining by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock valued at $178,000 after acquiring an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.