Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) 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.
Read Our Latest Analysis on HMY
Hedge Funds Weigh In On Harmony Gold Mining
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.
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