DRDGOLD (NYSE:DRD) Sees Unusually-High Trading Volume - What's Next?

DRDGOLD Limited (NYSE:DRD - Get Free Report) saw strong trading volume on Monday . 232,798 shares were traded during trading, a decline of 28% from the previous session's volume of 322,743 shares.The stock last traded at $13.69 and had previously closed at $13.89.

Analyst Ratings Changes

DRD has been the topic of a number of recent analyst reports. HC Wainwright lowered their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com raised shares of DRDGOLD from a "hold" rating to a "buy" rating in a research note on Friday, March 14th.

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 stock's 50 day moving average is $11.26 and its two-hundred day moving average is $10.28.

DRDGOLD Announces Dividend

The company also recently declared 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. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 14th. DRDGOLD's dividend payout ratio is presently 19.05%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC acquired a new stake in DRDGOLD during the 4th quarter worth $25,000. GAMMA Investing LLC boosted its position in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after acquiring an additional 1,122 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in DRDGOLD during the 4th quarter valued at about $98,000. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the 4th quarter valued at about $110,000. Finally, Virtu Financial LLC purchased a new position in DRDGOLD in the 3rd quarter worth approximately $119,000. 14.70% of the stock is owned by institutional investors and hedge funds.

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DRDGOLD Company Profile

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.