Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 2,085 call options on the company. This represents an increase of 38% compared to the typical daily volume of 1,509 call options.
Analyst Ratings Changes
Separately, StockNews.com upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.
Get Our Latest Analysis on Harmony Gold Mining
Harmony Gold Mining Stock Down 1.0 %
Shares of NYSE:HMY opened at $11.93 on Thursday. The stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $10.04. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 7.06, a PEG ratio of 0.63 and a beta of 1.85. Harmony Gold Mining has a 12-month low of $7.21 and a 12-month high of $12.49. 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 Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Friday, April 11th will be paid a $0.1245 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 0.9%. This is a boost from Harmony Gold Mining’s previous semi-annual dividend of $0.04. Harmony Gold Mining’s payout ratio is currently 11.24%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of HMY. Grove Bank & Trust raised its stake in shares of Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock worth $41,000 after purchasing an additional 4,000 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Harmony Gold Mining by 230.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock worth $48,000 after acquiring an additional 4,081 shares during the period. Optiver Holding B.V. bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth $75,000. Quantbot Technologies LP bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth $77,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth $82,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.
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.
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