DRDGOLD Limited (NYSE:DRD - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $15.25 and last traded at $14.99, with a volume of 165387 shares. The stock had previously closed at $14.44.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on DRD shares. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. HC Wainwright lowered their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th.
Read Our Latest Research Report on DRDGOLD
DRDGOLD Stock Down 3.2 %
The company has a market cap of $1.29 billion, a price-to-earnings ratio of 11.88 and a beta of 1.09. The business's fifty day simple moving average is $11.97 and its two-hundred day simple moving average is $10.63.
DRDGOLD Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.1628 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's dividend payout ratio is presently 19.05%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new position in shares of DRDGOLD during the fourth quarter worth approximately $25,000. GAMMA Investing LLC grew its position in DRDGOLD by 53.0% during the 4th 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 during the last quarter. QRG Capital Management Inc. acquired a new position in DRDGOLD in the fourth quarter valued at $98,000. Squarepoint Ops LLC purchased a new stake in shares of DRDGOLD in the fourth quarter valued at about $110,000. Finally, Virtu Financial LLC acquired a new stake in shares of DRDGOLD during the third quarter worth about $119,000. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
(
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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