DRDGOLD (NYSE:DRD) Shares Gap Up - Still a Buy?

DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $16.54, but opened at $17.42. DRDGOLD shares last traded at $17.34, with a volume of 311,049 shares.

Analysts Set New Price Targets

DRD has been the subject of a number of recent analyst reports. HC Wainwright lowered their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th. StockNews.com cut DRDGOLD from a "buy" rating to a "hold" rating in a research note on Friday.

DRDGOLD Trading Up 0.9 %

The firm's 50-day simple moving average is $13.50 and its two-hundred day simple moving average is $11.25. The company has a market cap of $1.44 billion, a PE ratio of 13.25 and a beta of 0.88.

DRDGOLD Dividend Announcement

The company also recently announced an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.1628 dividend. 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 19.05%.

Institutional Trading of DRDGOLD

Several large investors have recently added to or reduced their stakes in DRD. Virtu Financial LLC acquired a new position in DRDGOLD in the 3rd quarter worth approximately $119,000. JPMorgan Chase & Co. raised its holdings in shares of DRDGOLD by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company's stock worth $899,000 after purchasing an additional 9,765 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after purchasing an additional 1,122 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in DRDGOLD in the fourth quarter valued at $176,000. Finally, Blue Trust Inc. grew its position in DRDGOLD by 41.3% during the 4th quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company's stock worth $441,000 after purchasing an additional 14,912 shares during the period. Hedge funds and other institutional investors own 14.70% of the company's stock.

About DRDGOLD

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.