Deutsche Bank AG cut shares of Harmony Gold Mining Company Limited (NYSE:HMY) from a hold rating to a sell rating in a report issued on Friday, Marketbeat reports.

Other research analysts also recently issued reports about the stock. BidaskClub raised shares of Harmony Gold Mining Company Limited from a sell rating to a hold rating in a research report on Thursday, August 3rd. ValuEngine raised shares of Harmony Gold Mining Company Limited from a hold rating to a buy rating in a research report on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Harmony Gold Mining Company Limited currently has a consensus rating of Hold.

Shares of Harmony Gold Mining Company Limited (NYSE HMY) opened at 1.81 on Friday. Harmony Gold Mining Company Limited has a 12 month low of $1.56 and a 12 month high of $3.51. The firm has a market capitalization of $794.05 million, a P/E ratio of 29.67 and a beta of -1.97. The firm’s 50-day moving average is $1.95 and its 200 day moving average is $1.99.

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The business also recently announced a semiannual dividend, which will be paid on Monday, October 23rd. Stockholders of record on Friday, October 13th will be given a dividend of $0.0269 per share. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend is Thursday, October 12th.

Several institutional investors have recently added to or reduced their stakes in HMY. Sensato Investors LLC grew its position in shares of Harmony Gold Mining Company Limited by 454.3% during the 2nd quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock valued at $3,312,000 after acquiring an additional 1,645,198 shares during the period. Eqis Capital Management Inc. bought a new position in shares of Harmony Gold Mining Company Limited during the 2nd quarter valued at approximately $1,510,000. Alps Advisors Inc. grew its position in shares of Harmony Gold Mining Company Limited by 53.7% during the 2nd quarter. Alps Advisors Inc. now owns 2,430,868 shares of the mining company’s stock valued at $4,011,000 after acquiring an additional 849,107 shares during the period. UBS Group AG grew its position in shares of Harmony Gold Mining Company Limited by 367.4% during the 1st quarter. UBS Group AG now owns 992,720 shares of the mining company’s stock valued at $2,432,000 after acquiring an additional 780,348 shares during the period. Finally, Airain ltd grew its position in shares of Harmony Gold Mining Company Limited by 284.6% during the 2nd quarter. Airain ltd now owns 603,430 shares of the mining company’s stock valued at $996,000 after acquiring an additional 446,551 shares during the period. 25.09% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Limited Company Profile

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

Analyst Recommendations for Harmony Gold Mining Company Limited (NYSE:HMY)

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