DRDGOLD Limited (NYSE:DRD - Get Free Report) shares traded up 5.1% during mid-day trading on Thursday . The stock traded as high as $31.32 and last traded at $31.68. 142,502 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 530,858 shares. The stock had previously closed at $30.14.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Wall Street Zen lowered DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. HC Wainwright boosted their target price on DRDGOLD from $18.75 to $30.50 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Zacks Research upgraded DRDGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of DRDGOLD in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $30.50.
Check Out Our Latest Research Report on DRDGOLD
DRDGOLD Stock Up 5.0%
The company has a 50-day moving average of $22.36 and a 200 day moving average of $17.25. The firm has a market capitalization of $2.74 billion, a PE ratio of 25.13 and a beta of 0.36.
DRDGOLD Increases Dividend
The company also recently disclosed an annual dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 12th were issued a $0.2269 dividend. This represents a dividend yield of 202.0%. The ex-dividend date was Friday, September 12th. This is an increase from DRDGOLD's previous annual dividend of $0.16. DRDGOLD's dividend payout ratio (DPR) is currently 29.37%.
Hedge Funds Weigh In On DRDGOLD
A number of hedge funds and other institutional investors have recently modified their holdings of DRD. GAMMA Investing LLC lifted its stake in shares of DRDGOLD by 52.9% in the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 1,713 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of DRDGOLD by 18,615.5% in the 1st quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock valued at $168,000 after acquiring an additional 10,797 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of DRDGOLD in the 1st quarter valued at about $2,150,000. D.A. Davidson & CO. bought a new stake in shares of DRDGOLD in the 1st quarter valued at about $350,000. Finally, Banque Cantonale Vaudoise bought a new position in DRDGOLD during the 1st quarter valued at approximately $39,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.
DRDGOLD Company Profile
(
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.
Further Reading
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