Harmony Gold Mining (NYSE:HMY) Reaches New 1-Year High – Here’s What Happened

Harmony Gold Mining Company Limited (NYSE:HMY) shares reached a new 52-week high on Tuesday . The stock traded as high as $14.79 and last traded at $14.77, with a volume of 9126759 shares trading hands. The stock had previously closed at $14.06.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, March 7th.

Harmony Gold Mining Trading Up 5.0 %

The firm has a market cap of $9.37 billion, a P/E ratio of 8.74, a PEG ratio of 0.63 and a beta of 1.85. The company’s 50 day moving average is $11.64 and its two-hundred day moving average is $10.35. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1245 per share. This represents a dividend yield of 0.9%. The ex-dividend date is Friday, April 11th. This is a positive change from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 11.24%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. ABC Arbitrage SA bought a new stake in Harmony Gold Mining in the 4th quarter valued at $20,229,000. Renaissance Technologies LLC bought a new stake in Harmony Gold Mining in the fourth quarter valued at about $11,903,000. Wellington Management Group LLP raised its position in Harmony Gold Mining by 76.8% in the third quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock worth $27,219,000 after purchasing an additional 1,162,292 shares in the last quarter. Millennium Management LLC lifted its stake in Harmony Gold Mining by 59.5% during the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company’s stock worth $21,635,000 after purchasing an additional 982,740 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in Harmony Gold Mining by 274.0% during the fourth quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company’s stock valued at $4,092,000 after purchasing an additional 365,132 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.