Harmony Gold Mining (NYSE:HMY) Reaches New 1-Year High – Time to Buy?

Harmony Gold Mining Company Limited (NYSE:HMY) reached a new 52-week high on Tuesday . The stock traded as high as $13.12 and last traded at $12.92, with a volume of 530228 shares changing hands. The stock had previously closed at $12.66.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Trading Up 0.9 %

The stock has a market capitalization of $8.11 billion, a PE ratio of 7.56, a P/E/G ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company’s 50 day moving average price is $11.26 and its two-hundred day moving average price is $10.19.

Harmony Gold Mining Increases Dividend

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

Institutional Investors Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Harmony Gold Mining in the third quarter valued at about $192,000. Advisors Asset Management Inc. acquired a new position in Harmony Gold Mining in the 3rd quarter valued at about $241,000. Eagle Asset Management Inc. increased its stake in Harmony Gold Mining by 10.8% during the third quarter. Eagle Asset Management Inc. now owns 43,359 shares of the mining company’s stock worth $448,000 after purchasing an additional 4,220 shares during the period. Bank of Montreal Can lifted its position in shares of Harmony Gold Mining by 4.0% during the third quarter. Bank of Montreal Can now owns 228,288 shares of the mining company’s stock worth $2,466,000 after purchasing an additional 8,862 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Harmony Gold Mining by 522.6% in the third quarter. FMR LLC now owns 38,620 shares of the mining company’s stock valued at $393,000 after purchasing an additional 32,417 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.