DRDGOLD Limited (NYSE:DRD - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $12.74 and last traded at $12.64, with a volume of 319204 shares trading hands. The stock had previously closed at $12.12.
Analyst Ratings Changes
A number of research firms recently commented on DRD. StockNews.com cut DRDGOLD from a "buy" rating to a "hold" rating in a research note on Thursday. HC Wainwright reduced 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.
Get Our Latest Report on DRD
DRDGOLD Price Performance
The stock has a 50 day moving average price of $10.32 and a 200-day moving average price of $9.96. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.53 and a beta of 1.09.
DRDGOLD Announces Dividend
The business 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 dividend of $0.1628 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is currently 19.05%.
Institutional Trading of DRDGOLD
A number of institutional investors have recently modified their holdings of DRD. Aquatic Capital Management LLC purchased a new stake in DRDGOLD in the fourth quarter worth about $25,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 1,122 shares during the period. QRG Capital Management Inc. purchased a new stake in DRDGOLD in the fourth quarter worth about $98,000. Squarepoint Ops LLC purchased a new stake in DRDGOLD in the fourth quarter worth about $110,000. Finally, Virtu Financial LLC purchased a new stake in DRDGOLD in the third quarter worth about $119,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.
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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