NYSE:DRD - Get Free Report ) shares gapped up prior to trading on Monday . The stock had previously closed at $7.83, but opened at $8.10. DRDGOLD shares last traded at $8.12, with a volume of 85,211 shares traded.
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Analyst Ratings Changes Separately, StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a research report on Tuesday, April 16th.
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DRDGOLD Trading Up 3.3 % The company's 50-day moving average is $8.08 and its 200-day moving average is $8.08.
DRDGOLD Cuts Dividend The company also recently declared a semi-annual dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, March 8th were paid a dividend of $0.1058 per share. This represents a dividend yield of 5%. The ex-dividend date was Thursday, March 7th.
Hedge Funds Weigh In On DRDGOLD Several large investors have recently bought and sold shares of DRD. Tower Research Capital LLC TRC grew its position in shares of DRDGOLD by 317,900.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company's stock worth $25,000 after buying an additional 3,179 shares during the period. Systematic Alpha Investments LLC acquired a new position in DRDGOLD during the third quarter valued at approximately $53,000. Mutual Advisors LLC bought a new stake in DRDGOLD in the fourth quarter valued at approximately $102,000. Hennion & Walsh Asset Management Inc. acquired a new stake in DRDGOLD in the first quarter worth $131,000. Finally, SG Americas Securities LLC boosted its position in shares of DRDGOLD by 36.4% during the third quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company's stock worth $197,000 after purchasing 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 (
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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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