Harmony Gold Mining Target of Unusually High Options Trading (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) saw unusually large options trading on Monday. Traders purchased 3,063 call options on the stock. This is an increase of approximately 44% compared to the average daily volume of 2,131 call options.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $17.08 on Tuesday. The firm’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $10.72. Harmony Gold Mining has a fifty-two week low of $7.97 and a fifty-two week high of $17.37. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.84 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.63 and a beta of 1.42.

Harmony Gold Mining Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be issued a dividend of $0.1245 per share. This is an increase from Harmony Gold Mining’s previous semi-annual dividend of $0.04. This represents a dividend yield of 0.9%. The ex-dividend date is Friday, April 11th. Harmony Gold Mining’s dividend payout ratio (DPR) is presently 11.24%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HMY. FMR LLC boosted its stake in shares of Harmony Gold Mining by 522.6% in the third quarter. FMR LLC now owns 38,620 shares of the mining company’s stock valued at $393,000 after purchasing an additional 32,417 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Harmony Gold Mining in the 3rd quarter worth $528,000. HighTower Advisors LLC boosted its position in Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock valued at $525,000 after buying an additional 39,237 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Harmony Gold Mining by 212.5% during the third quarter. MML Investors Services LLC now owns 31,405 shares of the mining company’s stock valued at $319,000 after acquiring an additional 21,356 shares in the last quarter. Finally, 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. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.