Harmony Gold Mining Target of Unusually Large Options Trading (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 3,094 call options on the company. This represents an increase of approximately 64% compared to the average volume of 1,882 call options.

Analysts Set New Price Targets

Several analysts recently issued reports on HMY shares. Bank of America started coverage on shares of Harmony Gold Mining in a research report on Monday. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $4.90 to $8.20 in a research report on Thursday, October 10th.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Harmony Gold Mining during the second quarter valued at $41,000. St. Johns Investment Management Company LLC bought a new position in Harmony Gold Mining during the first quarter worth $52,000. GAMMA Investing LLC raised its stake in Harmony Gold Mining by 29.2% during the first quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after buying an additional 1,496 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in Harmony Gold Mining during the first quarter worth $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in Harmony Gold Mining during the first quarter worth $77,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $11.51 on Thursday. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 8.28 and a beta of 1.79. The firm’s 50 day simple moving average is $10.19 and its 200 day simple moving average is $9.52. Harmony Gold Mining has a 1 year low of $4.42 and a 1 year high of $12.29.

Harmony Gold Mining Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 11th were paid a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date was Friday, October 11th. Harmony Gold Mining’s payout ratio is currently 5.76%.

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.