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

Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down before the market opened 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.

Analyst Ratings Changes

DRD has been the topic of a number of research reports. HC Wainwright dropped their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded DRDGOLD from a "buy" rating to a "hold" rating in a research note on Tuesday.

DRDGOLD Stock Down 1.1%

The stock has a market capitalization of $1.22 billion, a PE ratio of 11.22 and a beta of 0.40. The firm has a 50 day moving average price of $14.80 and a 200 day moving average price of $11.75.

DRDGOLD Dividend Announcement

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

Institutional Trading of DRDGOLD

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. increased its position in shares of DRDGOLD by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock valued at $136,000 after acquiring an additional 1,438 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of DRDGOLD by 52.9% in the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after acquiring an additional 1,713 shares during the period. Rathbones Group PLC boosted its stake in DRDGOLD by 15.7% during the first quarter. Rathbones Group PLC now owns 16,575 shares of the basic materials company's stock valued at $256,000 after buying an additional 2,250 shares during the period. Banque Cantonale Vaudoise bought a new stake in DRDGOLD during the first quarter valued at $39,000. Finally, Aquatic Capital Management LLC bought a new stake in DRDGOLD during the fourth quarter valued at $25,000. 14.70% of the stock is 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.