Harmony Gold Mining (NYSE:HMY) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research report released on Thursday morning.

A number of other analysts have also weighed in on the stock. Bank of America started coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $9.07 on Thursday. Harmony Gold Mining has a 1-year low of $5.40 and a 1-year high of $12.29. The company’s fifty day moving average price is $10.25 and its 200-day moving average price is $9.71. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Cuts Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Investors 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 yield of 1.2%.

Institutional Trading of Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp purchased a new position in Harmony Gold Mining during the third quarter valued at $1,187,000. Cetera Investment Advisers purchased a new position in Harmony Gold Mining during the first quarter valued at $2,097,000. Thrivent Financial for Lutherans purchased a new position in Harmony Gold Mining during the second quarter valued at $1,141,000. Diversified Trust Co purchased a new position in Harmony Gold Mining during the second quarter valued at $93,000. Finally, Ritholtz Wealth Management lifted its holdings in Harmony Gold Mining by 44.1% during the third quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock valued at $1,768,000 after purchasing an additional 53,244 shares in the last quarter. Institutional investors and hedge funds own 31.79% 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 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.