DRDGOLD (NYSE:DRD) Shares Gap Down - What's Next?

DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $15.58, but opened at $14.16. DRDGOLD shares last traded at $13.90, with a volume of 239,280 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on DRD. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Tuesday. HC Wainwright reduced their target price on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th.

DRDGOLD Stock Performance

The business's 50 day simple moving average is $14.80 and its 200-day simple moving average is $11.74. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 11.05 and a beta of 0.40.

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 issued a dividend of $0.1628 per share. The ex-dividend date was Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's dividend payout ratio is currently 19.05%.

Institutional Trading of DRDGOLD

Several hedge funds and other institutional investors have recently bought and sold shares of DRD. Aquatic Capital Management LLC acquired a new position in DRDGOLD in the fourth quarter valued at about $25,000. Banque Cantonale Vaudoise acquired a new position in shares of DRDGOLD during the first quarter worth approximately $39,000. Brooklyn Investment Group lifted its position in shares of DRDGOLD by 769.7% during the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,633 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of DRDGOLD by 52.9% during the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,713 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of DRDGOLD during the fourth quarter worth approximately $98,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

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.