Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $13.96, but opened at $14.68. DRDGOLD shares last traded at $14.35, with a volume of 125,548 shares.
Wall Street Analysts Forecast Growth
DRD has been the topic of a number of recent analyst reports. HC Wainwright reduced their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a report on Friday, May 2nd.
Check Out Our Latest Stock Analysis on DRDGOLD
DRDGOLD Price Performance
The stock's 50-day moving average price is $14.71 and its 200 day moving average price is $11.69. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.34 and a beta of 0.40.
DRDGOLD Announces Dividend
The company also recently announced 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. This represents a yield of 1.8%. The ex-dividend date of this dividend was Friday, March 14th. DRDGOLD's dividend payout ratio (DPR) is presently 19.05%.
Institutional Investors Weigh In On DRDGOLD
Several large investors have recently modified their holdings of DRD. American Century Companies Inc. increased its holdings in DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company's stock valued at $7,690,000 after buying an additional 375,705 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in DRDGOLD in the fourth quarter valued at about $1,449,000. U S Global Investors Inc. bought a new position in DRDGOLD in the first quarter worth about $2,150,000. ABC Arbitrage SA bought a new stake in shares of DRDGOLD in the 4th quarter valued at about $1,140,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of DRDGOLD in the 4th quarter worth approximately $1,045,000. Institutional investors own 14.70% of the company's stock.
About DRDGOLD
(
Get Free Report)
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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