DRDGOLD (NYSE:DRD) Shares Gap Down to $8.55

Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.55, but opened at $8.03. DRDGOLD shares last traded at $8.05, with a volume of 189,002 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of DRDGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, April 16th.

DRDGOLD Stock Performance

The company's 50 day moving average price is $7.85 and its 200-day moving average price is $8.14.

DRDGOLD Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, March 8th were given a dividend of $0.1058 per share. This represents a dividend yield of 5%. The ex-dividend date of this dividend was Thursday, March 7th.

Institutional Investors Weigh In On DRDGOLD

Large investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in DRDGOLD in the first quarter worth $131,000. Creekmur Asset Management LLC acquired a new stake in DRDGOLD in the fourth quarter worth $216,000. Tower Research Capital LLC TRC grew its holdings in DRDGOLD by 317,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company's stock worth $25,000 after purchasing an additional 3,179 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in DRDGOLD in the fourth quarter worth $507,000. Finally, Trexquant Investment LP grew its holdings in DRDGOLD by 88.4% in the fourth quarter. Trexquant Investment LP now owns 72,611 shares of the basic materials company's stock worth $577,000 after purchasing an additional 34,061 shares during the period. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Company 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.