Wall Street Zen upgraded shares of DRDGOLD (NYSE:DRD - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.
Separately, HC Wainwright lowered their target price on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a report on Wednesday, February 19th.
Read Our Latest Research Report on DRDGOLD
DRDGOLD Trading Down 4.4%
DRD traded down $0.68 during midday trading on Friday, reaching $14.95. The company's stock had a trading volume of 270,494 shares, compared to its average volume of 341,687. The stock has a market cap of $1.29 billion, a P/E ratio of 11.87 and a beta of 0.40. The company has a fifty day simple moving average of $14.92 and a 200 day simple moving average of $11.90. DRDGOLD has a twelve month low of $7.64 and a twelve month high of $17.60.
DRDGOLD Dividend Announcement
The company also recently disclosed an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD's payout ratio is presently 19.05%.
Institutional Trading of DRDGOLD
Institutional investors have recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of DRDGOLD during the 1st quarter worth approximately $39,000. Aquatic Capital Management LLC acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $25,000. Brooklyn Investment Group grew its holdings in shares of DRDGOLD by 769.7% during the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,633 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Synergy Asset Management LLC grew its holdings in shares of DRDGOLD by 18,615.5% during the 1st quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock worth $168,000 after purchasing an additional 10,797 shares in the last quarter. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
(
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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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