DRDGOLD Limited (NYSE:DRD - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $14.83, but opened at $15.28. DRDGOLD shares last traded at $15.43, with a volume of 222,782 shares.
Analyst Ratings Changes
DRD has been the topic of several research analyst reports. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. HC Wainwright lowered their target price 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.
View Our Latest Stock Report on DRDGOLD
DRDGOLD Price Performance
The firm has a market capitalization of $1.36 billion, a PE ratio of 12.46 and a beta of 1.09. The company's fifty day simple moving average is $12.09 and its 200 day simple moving average is $10.68.
DRDGOLD Announces Dividend
The firm also recently declared an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD's payout ratio is currently 19.05%.
Institutional Investors Weigh In On DRDGOLD
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $28,000 after acquiring an additional 1,122 shares during the period. Ameriprise Financial Inc. boosted its stake in DRDGOLD by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock worth $136,000 after purchasing an additional 1,438 shares during the period. Aquatic Capital Management LLC purchased a new position in DRDGOLD during the 4th quarter valued at about $25,000. Bank of America Corp DE increased its position in shares of DRDGOLD by 47.2% during the fourth quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company's stock valued at $144,000 after buying an additional 5,364 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock worth $878,000 after buying an additional 8,558 shares in the last quarter. 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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