Stonehage Fleming Financial Services Holdings Ltd Purchases New Holdings in DRDGOLD Limited $DRD

Key Points

• Stonehage Fleming Financial Services Holdings Ltd has acquired a new stake in DRDGOLD Limited, purchasing 21,800 shares valued at approximately $291,000.
• DRDGOLD has recently increased its annual dividend to $0.2269 per share, representing a yield of 202.0%, up from the previous dividend of $0.16.
• Analysts have a consensus rating of "Buy" for DRDGOLD, with target prices ranging from $18.75 to $30.50 following recent ratings upgrades.

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of DRDGOLD Limited (NYSE:DRD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,800 shares of the basic materials company's stock, valued at approximately $291,000.

Several other large investors have also recently bought and sold shares of DRD. D.A. Davidson & CO. bought a new stake in DRDGOLD in the first quarter valued at approximately $350,000. GAMMA Investing LLC lifted its position in shares of DRDGOLD by 52.9% in the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,713 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of DRDGOLD in the first quarter valued at approximately $2,055,000. Banque Cantonale Vaudoise acquired a new stake in shares of DRDGOLD in the first quarter valued at approximately $39,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of DRDGOLD in the first quarter valued at approximately $314,000. 14.70% of the stock is owned by institutional investors and hedge funds.

DRDGOLD Price Performance

DRDGOLD stock opened at $28.71 on Friday. The stock's fifty day moving average price is $21.52 and its two-hundred day moving average price is $16.96. DRDGOLD Limited has a one year low of $8.38 and a one year high of $30.43. The firm has a market cap of $2.48 billion, a PE ratio of 22.79 and a beta of 0.36.

DRDGOLD Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 12th were paid a dividend of $0.2269 per share. This is a boost from DRDGOLD's previous annual dividend of $0.16. The ex-dividend date was Friday, September 12th. This represents a yield of 202.0%. DRDGOLD's dividend payout ratio is 28.57%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DRD shares. HC Wainwright increased their target price on DRDGOLD from $18.75 to $30.50 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "buy (b)" rating on shares of DRDGOLD in a research note on Wednesday. Zacks Research upgraded DRDGOLD from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Wall Street Zen lowered DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $30.50.

DRDGOLD Profile

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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