DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $11.47, but opened at $11.79. DRDGOLD shares last traded at $11.88, with a volume of 190,080 shares traded.
Analyst Ratings Changes
A number of equities analysts have commented on DRD shares. 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. StockNews.com downgraded shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday.
Check Out Our Latest Stock Analysis on DRDGOLD
DRDGOLD Price Performance
The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 10.53 and a beta of 1.09. The business's fifty day simple moving average is $10.32 and its 200 day simple moving average is $9.95.
DRDGOLD Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date is Friday, March 14th. DRDGOLD's dividend payout ratio (DPR) is 19.05%.
Hedge Funds Weigh In On DRDGOLD
Several hedge funds and other institutional investors have recently modified their holdings of DRD. Aquatic Capital Management LLC acquired a new position in shares of DRDGOLD during the fourth quarter valued at $25,000. GAMMA Investing LLC boosted its holdings 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 valued at $28,000 after acquiring an additional 1,122 shares during the period. QRG Capital Management Inc. acquired a new position in shares of DRDGOLD during the fourth quarter valued at $98,000. Squarepoint Ops LLC acquired a new position in shares of DRDGOLD during the fourth quarter valued at $110,000. Finally, Virtu Financial LLC acquired a new position in shares of DRDGOLD during the third quarter valued at $119,000. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
(
Get Free Report)
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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