DRDGOLD (NYSE:DRD) Shares Gap Down - What's Next?

DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $11.11, but opened at $10.41. DRDGOLD shares last traded at $10.30, with a volume of 77,792 shares.

Analysts Set New Price Targets

DRD has been the subject of a number of recent analyst reports. HC Wainwright restated a "buy" rating and set a $13.25 price objective on shares of DRDGOLD in a research note on Friday, October 18th. StockNews.com lowered DRDGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th.

DRDGOLD Price Performance

The company's 50-day simple moving average is $10.23 and its 200-day simple moving average is $9.37.

DRDGOLD Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.1126 dividend. This is a positive change from DRDGOLD's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.9%.

Institutional Investors Weigh In On DRDGOLD

A number of large investors have recently made changes to their positions in DRD. Blue Trust Inc. grew its holdings in shares of DRDGOLD by 4,107.5% during the second quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company's stock valued at $50,000 after buying an additional 5,997 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in DRDGOLD by 11.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company's stock valued at $153,000 after acquiring an additional 1,802 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of DRDGOLD by 36.8% in the 2nd quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company's stock valued at $5,851,000 after purchasing an additional 182,900 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in shares of DRDGOLD in the second quarter worth approximately $86,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of DRDGOLD by 270.4% during the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company's stock worth $683,000 after purchasing an additional 57,875 shares during the period. Institutional investors and hedge funds own 14.70% of the company's stock.

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.