Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 391,257 shares changed hands during trading, an increase of 20% from the previous session's volume of 325,759 shares.The stock last traded at $15.98 and had previously closed at $16.14.
Wall Street Analysts Forecast Growth
DRD has been the subject of a number of analyst reports. HC Wainwright decreased their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research note on Wednesday, February 19th. StockNews.com downgraded shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Friday.
Get Our Latest Research Report on DRD
DRDGOLD Trading Down 3.4 %
The company has a market capitalization of $1.43 billion, a P/E ratio of 13.15 and a beta of 0.88. The company has a 50 day moving average price of $13.50 and a 200 day moving average price of $11.23.
DRDGOLD Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.1628 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is presently 19.05%.
Hedge Funds Weigh In On DRDGOLD
Several institutional investors and hedge funds have recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in DRDGOLD in the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 1,122 shares during the period. QRG Capital Management Inc. acquired a new position in shares of DRDGOLD in the fourth quarter valued at about $98,000. Virtu Financial LLC bought a new position in DRDGOLD during the third quarter worth about $119,000. Finally, Squarepoint Ops LLC acquired a new stake in DRDGOLD in the 4th quarter worth about $110,000. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
(
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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.
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