DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.51 and last traded at $12.51, with a volume of 47895 shares changing hands. The stock had previously closed at $12.03.
Analyst Ratings Changes
Several analysts have weighed in on DRD shares. StockNews.com cut DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. HC Wainwright reiterated a "buy" rating and set a $13.25 price target on shares of DRDGOLD in a research report on Friday.
Get Our Latest Analysis on DRD
DRDGOLD Trading Up 2.0 %
The stock has a 50 day moving average price of $9.34 and a two-hundred day moving average price of $9.00. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.39 and a beta of 1.13.
DRDGOLD Increases Dividend
The business also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were issued a dividend of $0.1126 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.9%. This is a boost from DRDGOLD's previous semi-annual dividend of $0.11. DRDGOLD's dividend payout ratio (DPR) is 20.00%.
Institutional Trading of DRDGOLD
A number of institutional investors and hedge funds have recently modified their holdings of DRD. Hennion & Walsh Asset Management Inc. acquired a new position in DRDGOLD during the first quarter valued at approximately $131,000. Van ECK Associates Corp grew its holdings in shares of DRDGOLD by 7.0% in the 1st quarter. Van ECK Associates Corp now owns 6,563,184 shares of the basic materials company's stock valued at $53,818,000 after buying an additional 430,603 shares during the period. Blue Trust Inc. grew its holdings in shares of DRDGOLD by 4,107.5% in the 2nd 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 during the period. American Century Companies Inc. increased its position 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 buying an additional 182,900 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in DRDGOLD during the 2nd quarter worth $86,000. 14.70% of the stock is owned by institutional investors.
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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