DRDGOLD Limited (NYSE:DRD - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $13.84 and last traded at $13.64, with a volume of 64168 shares traded. The stock had previously closed at $13.03.
Analysts Set New Price Targets
Several research analysts recently issued reports on DRD shares. StockNews.com lowered shares of DRDGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. HC Wainwright dropped their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research report on Wednesday, February 19th.
Get Our Latest Stock Report on DRDGOLD
DRDGOLD Stock Up 5.8 %
The business has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $9.96. The company has a market cap of $1.19 billion, a P/E ratio of 10.91 and a beta of 1.09.
DRDGOLD Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.1628 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is 19.05%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC purchased a new position in shares of DRDGOLD during the 4th quarter valued at about $25,000. GAMMA Investing LLC raised its stake 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 acquiring an additional 1,122 shares during the period. QRG Capital Management Inc. purchased a new position in DRDGOLD during the fourth quarter valued at approximately $98,000. Squarepoint Ops LLC bought a new position in shares of DRDGOLD in the fourth quarter worth approximately $110,000. Finally, Virtu Financial LLC purchased a new stake in shares of DRDGOLD in the third quarter worth $119,000. 14.70% of the stock is currently owned by 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.
Further Reading
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