According to Zacks, Harmony Gold Mining Company Limited (NYSE: HMY-Get Rating) announced the declaration of a semi-annual dividend on Thursday, September 8. Additionally, the mining company announced that it would distribute a dividend of $0.01 per share on Monday, October 24 to shareholders who were on the books on Friday, October 14. The dividend will be paid on Monday, October 24. Ex-dividend day is Thursday, October 13, which is coming very soon. With the company maintaining its payout ratio at 8.5%, the dividend distributed by Harmony Gold Mining is more than adequately supported by company earnings. If Harmony Gold Mining’s future payout ratio is expected to be 8.1% and the company earns the expected $0.62 per share, it should be able to maintain its current annual dividend payment of $0.05. per share.
On Friday, the first day of trading for HMY shares, the price was $2.39. The values presented here are a debt ratio of 0.11, a current ratio of 1.51 and a quick ratio of 0.94. Each of these numbers has been listed in its corresponding location. Over the past year, the price of a share of Harmony Gold Mining has risen from $2.16 to $5.50, with a low of $2.16 and a high of $5.50. The company’s moving average price over the past 50 days is $3.10 and its moving average price over the past 200 days is $3.79. A significant number of research and investigation initiatives have been conducted on HMY. StockNews.com changed its recommendation for Harmony Gold Mining from “sell” to “hold” for the company in a report published Thursday, September 1. The report was published on their website. In a report released Wednesday, UBS Group recommended “neutral” rather than “buy” for Harmony Gold Mining. This recommendation was included in the report. According to information presented by MarketBeat.com, five different market researchers have suggested that investors maintain their current holdings of the company’s stock. Right now, the most common recommendation for Harmony Gold Mining is “Hold” and the $4.00 price target that has been set as the primary price target for the stock.
Several major shareholders have recently changed the number of shares held by the major owners of the company. Sequoia Financial Advisors LLC invested approximately $54,000 in Harmony Gold Mining in the first three months of 2018. In the first three months of 2018, Enlightenment Research LLC made a new investment of approximately $65,000 in Harmony Gold Mining . This investment was made in the form of a contribution. By investing just over $67,000 in Harmony Gold Mining in the first three months of the year, the Bank of New York Mellon Corporation successfully expanded the size of its investment portfolio. Private Advisor Group LLC spent about $71,000 in the first quarter to take a new position in Harmony Gold Mining. The transaction took place during the first quarter. At the end of the first quarter, Royal Bank of Canada invested approximately C$121,000 in the purchase of additional shares in Harmony Gold Mining. The shares of the company are held in portfolios by institutions up to 27.46%.
Exploration, mining and processing of the precious metal are just some of the gold related activities in which Harmony Gold Mining Company Limited is involved. In addition, it examines the probability of discovering reserves of uranium, silver, copper and molybdenum. The Company’s mining operations in South Africa consist of several surface treatment facilities and an open pit mine located on the Kraaipan greenstone belt. Additionally, there are nine underground mines located in the Witwatersrand basin. MarketBeat tracks the most reputable and successful research analysts working on Wall Street and the companies these analysts recommend to their clients daily. MarketBeat also tracks the companies that these analysts study closely. There are five companies that well-known market gurus recommend to their clients as good investments before the rest of the market spreads. However, Harmony Gold Mining is not one of these five companies.