Harmony Gold Mining Company Limited (NYSE:HMY) Plans Semi-Annual Dividend of $0.04

Harmony Gold Mining Company Limited (NYSE:HMY) announced a Semi-Annual dividend on Friday, September 6th, Zacks reports. Investors of record on Friday, October 11th will be paid a dividend of 0.042 per share by the mining company on Monday, October 21st. This represents a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 11th.

Harmony Gold Mining has a payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Harmony Gold Mining to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.0%.

Harmony Gold Mining Stock Down 1.3 %

Harmony Gold Mining stock traded down $0.12 during trading hours on Wednesday, hitting $9.22. The stock had a trading volume of 290,546 shares, compared to its average volume of 4,865,053. The stock’s 50-day moving average price is $9.90 and its 200-day moving average price is $9.32. Harmony Gold Mining has a 12-month low of $4.18 and a 12-month high of $11.37. 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 capitalization of $5.83 billion, a P/E ratio of 7.98 and a beta of 1.79.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price objective on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research report on Wednesday, July 3rd.

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.