DRDGOLD (NYSE:DRD) Shares Gap Down to $8.32

Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.32, but opened at $7.99. DRDGOLD shares last traded at $7.98, with a volume of 83,638 shares traded.

Analyst Ratings Changes

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

DRDGOLD Stock Down 6.3 %

The stock has a market capitalization of $674.39 million, a price-to-earnings ratio of 10.99 and a beta of 1.29. The company's fifty day simple moving average is $7.98 and its 200 day simple moving average is $8.13.

DRDGOLD Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were paid a $0.1058 dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 5%. DRDGOLD's dividend payout ratio (DPR) is presently 22.54%.

Hedge Funds Weigh In On DRDGOLD

Several institutional investors and hedge funds have recently modified their holdings of DRD. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $25,000 after acquiring an additional 3,179 shares in the last quarter. Systematic Alpha Investments LLC acquired a new position in shares of DRDGOLD in the third quarter valued at about $53,000. Mutual Advisors LLC acquired a new position in shares of DRDGOLD in the fourth quarter valued at about $102,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of DRDGOLD in the first quarter valued at about $131,000. Finally, SG Americas Securities LLC grew its stake in shares of DRDGOLD by 36.4% in the third quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company's stock valued at $197,000 after acquiring an additional 6,341 shares in the last quarter. 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.