Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $10.80

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.80, but opened at $10.38. Harmony Gold Mining shares last traded at $10.33, with a volume of 555,922 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a report on Wednesday, July 3rd.

Harmony Gold Mining Trading Down 5.5 %

The firm has a market capitalization of $6.46 billion, a PE ratio of 9.23 and a beta of 1.78. The company’s 50-day moving average price is $9.75 and its 200-day moving average price is $9.22. 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 Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 11th will be given a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date is Friday, October 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 6.84%.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at about $41,000. St. Johns Investment Management Company LLC acquired a new position in shares of Harmony Gold Mining in the 1st quarter valued at $52,000. GAMMA Investing LLC raised its position in Harmony Gold Mining by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock valued at $54,000 after purchasing an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in Harmony Gold Mining during the 1st quarter worth $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Harmony Gold Mining in the first quarter valued at $77,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

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.