DRDGOLD Limited (NYSE:DRD - Get Free Report) saw an uptick in trading volume on Monday . 391,257 shares changed hands during mid-day trading, an increase of 20% from the previous session's volume of 325,759 shares.The stock last traded at $15.98 and had previously closed at $16.14.
Analysts Set New Price Targets
A number of brokerages have weighed in on DRD. StockNews.com raised DRDGOLD from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. HC Wainwright dropped their target price on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th.
Check Out Our Latest Analysis on DRDGOLD
DRDGOLD Stock Down 3.4 %
The business's 50 day moving average is $13.50 and its 200 day moving average is $11.23. The company has a market cap of $1.43 billion, a P/E ratio of 13.15 and a beta of 0.88.
DRDGOLD Dividend Announcement
The firm also recently disclosed an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.1628 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's payout ratio is currently 19.05%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Aquatic Capital Management LLC purchased a new stake in DRDGOLD in the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 1,122 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in DRDGOLD in the fourth quarter valued at $98,000. Virtu Financial LLC purchased a new position in DRDGOLD in the 3rd quarter valued at approximately $119,000. Finally, Squarepoint Ops LLC acquired a new position in DRDGOLD during the fourth quarter worth about $110,000. Hedge funds and other institutional investors own 14.70% of the company's stock.
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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