Harmony Gold Mining Company Limited (NYSE:HMY) Receives $16.00 Average Price Target from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts have issued reports on HMY shares. Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock opened at $16.59 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. The company’s 50-day moving average price is $18.24 and its two-hundred day moving average price is $19.03. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06.

Harmony Gold Mining Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.3124 per share. This represents a yield of 430.0%. The ex-dividend date of this dividend is Friday, April 24th.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HMY. FIL Ltd acquired a new stake in Harmony Gold Mining in the 4th quarter valued at about $111,182,000. Invesco Ltd. lifted its holdings in Harmony Gold Mining by 12,337.7% in the 2nd quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock valued at $66,998,000 after acquiring an additional 4,757,285 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Harmony Gold Mining by 286.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock valued at $54,248,000 after acquiring an additional 2,936,552 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Harmony Gold Mining by 7,504.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock valued at $41,862,000 after buying an additional 2,276,099 shares in the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.