DRDGOLD (NYSE:DRD) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of DRDGOLD (NYSE:DRD - Free Report) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

Separately, HC Wainwright reduced 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.

DRDGOLD Stock Up 1.3%

DRD stock traded up $0.20 during midday trading on Friday, hitting $15.13. 140,270 shares of the company traded hands, compared to its average volume of 340,927. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.00 and a beta of 0.40. DRDGOLD has a twelve month low of $7.64 and a twelve month high of $17.60. The business has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $11.93.

DRDGOLD Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.1628 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is currently 19.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC acquired a new stake in shares of DRDGOLD in the 4th quarter valued at $25,000. Banque Cantonale Vaudoise bought a new position in DRDGOLD in the first quarter valued at about $39,000. Brooklyn Investment Group boosted its holdings in DRDGOLD by 769.7% in the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 3,633 shares during the last quarter. GAMMA Investing LLC increased its position in DRDGOLD by 52.9% in the first 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 during the period. Finally, QRG Capital Management Inc. bought a new stake in DRDGOLD during the 4th quarter worth about $98,000. 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.