DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.29 and last traded at $14.24, with a volume of 55572 shares trading hands. The stock had previously closed at $13.49.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DRD. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a report on Wednesday, February 19th.
View Our Latest Stock Analysis on DRD
DRDGOLD Stock Performance
The stock has a market capitalization of $1.22 billion, a PE ratio of 11.21 and a beta of 1.09. The business has a 50 day moving average of $11.35 and a two-hundred day moving average of $10.34.
DRDGOLD Announces Dividend
The firm also recently disclosed an annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.1628 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's payout ratio is currently 19.05%.
Institutional Trading of DRDGOLD
A number of hedge funds have recently added to or reduced their stakes in DRD. American Century Companies Inc. lifted its holdings in DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company's stock valued at $7,690,000 after purchasing an additional 375,705 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of DRDGOLD during the fourth quarter valued at about $1,449,000. ABC Arbitrage SA acquired a new stake in shares of DRDGOLD during the fourth quarter valued at about $1,140,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of DRDGOLD in the fourth quarter valued at approximately $1,045,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of DRDGOLD by 15.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock valued at $4,333,000 after purchasing an additional 66,857 shares in the last quarter. 14.70% of the stock is owned by hedge funds and other institutional investors.
DRDGOLD Company Profile
(
Get 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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