Harmony Gold Mining (NYSE:HMY) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research note released on Thursday morning.

HMY has been the subject of several other reports. Bank of America assumed coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

Harmony Gold Mining Stock Down 2.1 %

Harmony Gold Mining stock opened at $9.07 on Thursday. Harmony Gold Mining has a 12-month low of $5.40 and a 12-month high of $12.29. The company has a 50-day moving average price of $10.25 and a 200 day moving average price of $9.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.

Harmony Gold Mining Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a dividend of $0.042 per share. This represents a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, October 11th.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently made changes to their positions in the stock. Veracity Capital LLC increased its position in shares of Harmony Gold Mining by 7.9% during the third quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,003 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in shares of Harmony Gold Mining by 5.0% during the second quarter. Beverly Hills Private Wealth LLC now owns 28,916 shares of the mining company’s stock valued at $265,000 after acquiring an additional 1,378 shares during the last quarter. Creative Planning grew its holdings in shares of Harmony Gold Mining by 3.6% in the third quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after purchasing an additional 2,061 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock valued at $130,000 after purchasing an additional 2,377 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Harmony Gold Mining by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,366 shares of the mining company’s stock valued at $178,000 after purchasing an additional 2,611 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.