Harmony Gold Mining (NYSE:HMY) Hits New 1-Year High – Here’s Why

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

Analyst Ratings Changes

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

Harmony Gold Mining Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a market cap of $7.97 billion, a PE ratio of 7.43, a PEG ratio of 0.63 and a beta of 1.85. The company’s 50-day moving average price is $11.38 and its two-hundred day moving average price is $10.24.

Harmony Gold Mining Increases Dividend

The firm also recently declared 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 is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. Harmony Gold Mining’s dividend payout ratio (DPR) is 11.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HMY. ABC Arbitrage SA bought a new stake in Harmony Gold Mining in the 4th quarter worth $20,229,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Harmony Gold Mining during the third quarter worth about $1,412,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth about $923,000. HighTower Advisors LLC increased its holdings in Harmony Gold Mining by 298.5% during the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock valued at $525,000 after purchasing an additional 39,237 shares during the period. Finally, Caprock Group LLC purchased a new stake in Harmony Gold Mining in the 4th quarter worth approximately $188,000. Institutional investors own 31.79% of the company’s stock.

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.