DRDGOLD Limited (NYSE:DRD - Get Free Report) shares gapped up prior to trading 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 trading hands.
Wall Street Analyst Weigh In
DRD has been the topic of several recent analyst reports. HC Wainwright decreased their target price on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded shares of DRDGOLD from a "hold" rating to a "buy" rating in a research note on Friday, May 2nd.
View Our Latest Research Report on DRD
DRDGOLD Stock Performance
The company has a market cap of $1.32 billion, a P/E ratio of 12.10 and a beta of 0.40. The business has a 50 day moving average price of $14.58 and a two-hundred day moving average price of $11.65.
DRDGOLD Announces Dividend
The company also recently disclosed an annual dividend, which was paid on Thursday, March 27th. Investors 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 was Friday, March 14th. DRDGOLD's dividend payout ratio (DPR) is 19.05%.
Institutional Investors Weigh In On DRDGOLD
A number of institutional investors and hedge funds have recently bought and sold shares of DRD. Aquatic Capital Management LLC purchased a new position in DRDGOLD in the 4th quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in shares of DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,122 shares during the period. Banque Cantonale Vaudoise acquired a new position in DRDGOLD in the 1st quarter worth about $39,000. QRG Capital Management Inc. acquired a new position in shares of DRDGOLD during the fourth quarter valued at approximately $98,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of DRDGOLD in the fourth quarter valued at approximately $110,000. 14.70% of the stock is owned by institutional investors.
DRDGOLD Company Profile
(
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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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