DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $14.08, but opened at $13.38. DRDGOLD shares last traded at $13.62, with a volume of 208,132 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DRD. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a research report on Friday. HC Wainwright decreased their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th.
Get Our Latest Research Report on DRDGOLD
DRDGOLD Stock Down 1.5 %
The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.06 and a beta of 1.09. The company has a fifty day simple moving average of $10.82 and a two-hundred day simple moving average of $10.14.
DRDGOLD Dividend Announcement
The business also recently announced an annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1628 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is currently 19.05%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in DRD. Aquatic Capital Management LLC bought a new stake in DRDGOLD in the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 1,122 shares during the period. QRG Capital Management Inc. bought a new position in shares of DRDGOLD during the fourth quarter worth about $98,000. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the 4th quarter valued at approximately $110,000. Finally, Virtu Financial LLC bought a new stake in DRDGOLD in the 3rd quarter valued at approximately $119,000. Institutional investors and hedge funds 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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