5 Gold Stocks Under $5

2. Harmony Gold Mining Company Limited (NYSE:HMY)

Number of Hedge Fund Holders: 10  

Real-Time Share Price as of April 22: $4.42

Harmony Gold Mining Company Limited (NYSE:HMY) explores, extracts and processes gold. The company is trying to build a dividend profile. On April 6, it declared a quarterly dividend of $0.021 per share, an increase of nearly 40% from the previous payout of $0.015 per share. The stock has benefited from the recent rally in gold prices as inflation and market volatility leads to renewed interest in gold as a safe haven. In addition to gold, the firm has interests in uranium, silver, copper, and molybdenum deposits. 

On March 7, JPMorgan analyst Dom O’Kane maintained a Neutral rating on Harmony Gold Mining Company Limited (NYSE:HMY) stock and raised the price target to $5 from $4, noting that there were clear macro tailwinds for gold producers. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm Kopernik Global Investors is a leading shareholder in Harmony Gold Mining Company Limited (NYSE:HMY) with 7.8 million shares worth more than $32 million. 

At the end of the fourth quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $72 million in Harmony Gold Mining Company Limited (NYSE:HMY), compared to 5 in the previous quarter worth $82 million.