Ashton Thomas Private Wealth LLC bought a new position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,056 shares of the basic materials company's stock, valued at approximately $1,045,000. Ashton Thomas Private Wealth LLC owned about 0.14% of DRDGOLD as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in DRDGOLD in the fourth quarter valued at $98,000. ABC Arbitrage SA bought a new stake in shares of DRDGOLD in the 4th quarter worth about $1,140,000. Blue Trust Inc. raised its stake in shares of DRDGOLD by 41.3% in the 4th quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company's stock valued at $441,000 after purchasing an additional 14,912 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of DRDGOLD during the fourth quarter worth about $176,000. Finally, GAMMA Investing LLC grew its stake in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after purchasing an additional 1,122 shares in the last quarter. Institutional investors and hedge funds own 14.70% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. HC Wainwright cut their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered DRDGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, March 6th.
Get Our Latest Research Report on DRD
DRDGOLD Stock Performance
Shares of NYSE DRD traded up $0.28 during midday trading on Thursday, hitting $14.12. The company's stock had a trading volume of 680,209 shares, compared to its average volume of 298,954. DRDGOLD Limited has a 1-year low of $7.53 and a 1-year high of $14.23. The firm's fifty day moving average price is $10.62 and its 200-day moving average price is $10.05. The firm has a market cap of $1.22 billion, a P/E ratio of 11.21 and a beta of 1.09.
DRDGOLD Announces Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.1628 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's payout ratio is currently 19.05%.
About DRDGOLD
(
Free Report)
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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