Harmony Gold Mining (NYSE:HMY) Trading Down 4.2%

Harmony Gold Mining Company Limited (NYSE:HMY) dropped 4.2% during trading on Tuesday . The company traded as low as $4.14 and last traded at $4.15. Approximately 1,263,517 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 3,753,676 shares. The stock had previously closed at $4.33.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th.

Harmony Gold Mining Stock Down 3.2 %

The company’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $4.27. The company has a quick ratio of 0.79, a current ratio of 1.26 and a debt-to-equity ratio of 0.16.

Harmony Gold Mining Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Monday, October 23rd. Shareholders of record on Friday, October 13th will be given a $0.032 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 12th. This is an increase from Harmony Gold Mining’s previous Semi-Annual dividend of $0.01.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HMY. Point72 Middle East FZE purchased a new stake in Harmony Gold Mining in the 2nd quarter worth $38,000. PNC Financial Services Group Inc. grew its holdings in Harmony Gold Mining by 137.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,273 shares of the mining company’s stock valued at $43,000 after purchasing an additional 5,948 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Harmony Gold Mining in the 1st quarter worth about $54,000. Advisor Group Holdings Inc. grew its stake in Harmony Gold Mining by 378.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 11,714 shares of the mining company’s stock worth $39,000 after acquiring an additional 9,264 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Harmony Gold Mining by 94.7% in the 4th quarter. Quadrant Capital Group LLC now owns 12,081 shares of the mining company’s stock worth $41,000 after acquiring an additional 5,875 shares in the last quarter. Institutional investors own 28.33% 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 also 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.