DRDGOLD (NYSE:DRD) Hits New 52-Week High - Still a Buy?

DRDGOLD Limited (NYSE:DRD - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $17.60 and last traded at $17.17, with a volume of 789637 shares trading hands. The stock had previously closed at $16.54.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Friday. HC Wainwright lowered their target price on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a report on Wednesday, February 19th.

DRDGOLD Stock Down 3.7 %

The business's fifty day moving average is $13.73 and its 200-day moving average is $11.33. The company has a market cap of $1.39 billion, a PE ratio of 12.76 and a beta of 0.88.

DRDGOLD Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, March 14th. DRDGOLD's dividend payout ratio is presently 19.05%.

Institutional Investors Weigh In On DRDGOLD

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new stake in DRDGOLD during the fourth quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,122 shares in the last quarter. Synergy Asset Management LLC grew its stake in shares of DRDGOLD by 18,615.5% during the 1st quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock valued at $168,000 after acquiring an additional 10,797 shares during the period. QRG Capital Management Inc. purchased a new stake in DRDGOLD in the 4th quarter worth approximately $98,000. Finally, Virtu Financial LLC bought a new stake in DRDGOLD during the 3rd quarter worth approximately $119,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Company Profile

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.