|Over a week ago|
Harmony Gold downgraded to Sell from Hold at Renaissance Capital » 05:3707/2707/27/20
Renaissance Capital analyst Steven Friedman downgraded Harmony Gold to Sell from Hold with an ZAR 86 price target.
|Over a month ago|
Harmony Gold rises 5.2% » 09:4707/1407/14/20
Harmony Gold is up 5.2%,…
Harmony Gold is up 5.2%, or 28c to $5.75.
Harmony Gold rises 10.6% » 12:0006/1906/19/20
Harmony Gold is up 10.6%,…
Harmony Gold is up 10.6%, or 32c to $3.35.
Largest borrow rate increases among liquid names » 08:4505/2805/28/20
TLRD, PSEC, ACB, DNR, KL, HMY, MFC, PRTY
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Tailored Brands (TLRD) 54.88% +1.58, Prospect Capital (PSEC) 12.33% +0.66, Aurora Cannabis (ACB) 132.81% +0.57, US Global Jets ETF (JETS) 11.17% +0.54, Denbury Resources (DNR) 14.86% +0.28, Kirkland Lake Gold (KL) 0.48% +0.16, Harmony Gold (HMY) 0.50% +0.09, ProShares UltraPro Short Russell 2000 (SRTY) 4.50% +0.08, Manulife Financial (MFC) 0.38% +0.07, and Party City (PRTY) 19.50% +0.06.
|Over a quarter ago|
Harmony Gold rises 8.1% » 12:0005/1405/14/20
Harmony Gold is up 8.1%,…
Harmony Gold is up 8.1%, or 28c to $3.81.
AngloGold sells South African assets to Harmony amid priorities shift » 13:2502/1202/12/20
AU, HMY, GFI, KGC, IAG, AEM
On Wednesday, South…
On Wednesday, South African gold miner AngloGold Ashanti (AU) announced it would be selling its remaining South African producing assets and related liabilities to Harmony Gold Mining (HMY) amid desires to list in London or Toronto. Consideration for the transaction is in cash and deferred payments with expected proceeds of around $300M with additional payment if certain criteria are met. SALE PROCESS: A rigorous nine-month sales process identified Harmony as the most suitable party to acquire these assets, given its financial capacity and proven technical capability in operating ultra-deep, hard-rock mining assets in South Africa. "From the beginning of the process an objective has been to sell our SA assets to a strong, capable and responsible operator that will ensure their long-term sustainability; we believe that this transaction achieves that," Kelvin Dushnisky, CEO of AngloGold Ashanti said. "This sale helps deliver on our commitment to sharpen our management focus and capital allocation on the highest return investment options available to us." HARMONY EARNINGS: Harmony also announced its operating results for the six months ended December 31, 2019. Harmony reported a 12% increase in revenue to $1.054B and earnings per share of 17c for the time period. "While a stronger gold price received continues to provide a welcome boost to our financial performance, we will focus our efforts on what we are able to control -- safety, costs, and production," the company said in a statement. PRICE ACTION: Shares of AngloGold are currently up approximately 2% to $19.42, while Harmony Gold shares are up over 10% to $3.06 per share. OTHERS: GOLD MINERS: Other publicly traded gold miners include Gold Fields (GFI), Kinross Gold, (KGC), IAMGold (IAG) and Agnico Eagle (AEM).
Harmony Gold rises 8.3% » 09:4712/0312/03/19
Harmony Gold is up 8.3%,…
Harmony Gold is up 8.3%, or 24c to $3.21.