Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $13.43, but opened at $14.18. DRDGOLD shares last traded at $13.92, with a volume of 173,785 shares.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on DRD shares. StockNews.com raised shares of DRDGOLD from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. HC Wainwright cut their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th.
Check Out Our Latest Analysis on DRDGOLD
DRDGOLD Trading Up 0.1 %
The firm has a market capitalization of $1.40 billion, a PE ratio of 12.82 and a beta of 0.88. The stock has a 50 day simple moving average of $12.95 and a 200 day simple moving average of $11.01.
DRDGOLD Announces Dividend
The company also recently announced an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a dividend of $0.1628 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD's dividend payout ratio is currently 19.05%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of DRD. GAMMA Investing LLC grew its position in shares of DRDGOLD by 53.0% in the 4th 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 last quarter. QRG Capital Management Inc. purchased a new position in DRDGOLD during the fourth quarter valued at $98,000. JPMorgan Chase & Co. boosted its holdings in shares of DRDGOLD by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company's stock valued at $899,000 after buying an additional 9,765 shares in the last quarter. Blue Trust Inc. increased its stake in shares of DRDGOLD by 41.3% in the 4th quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company's stock worth $441,000 after acquiring an additional 14,912 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in DRDGOLD by 15.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock worth $4,333,000 after acquiring an additional 66,857 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company's stock.
About DRDGOLD
(
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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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