DRDGOLD Limited (NYSE:DRD - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.19 and traded as high as $12.18. DRDGOLD shares last traded at $12.09, with a volume of 284,910 shares traded.
Wall Street Analysts Forecast Growth
DRD has been the subject of several research reports. HC Wainwright reaffirmed a "buy" rating and set a $13.25 price objective on shares of DRDGOLD in a report on Friday, October 18th. StockNews.com cut DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, September 26th.
Check Out Our Latest Stock Report on DRD
DRDGOLD Price Performance
The stock has a fifty day moving average price of $9.84 and a two-hundred day moving average price of $9.21.
DRDGOLD Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a $0.1126 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.9%. This is an increase from DRDGOLD's previous semi-annual dividend of $0.11.
Institutional Investors Weigh In On DRDGOLD
A number of hedge funds and other institutional investors have recently made changes to their positions in DRD. Van ECK Associates Corp grew its position in DRDGOLD by 24.2% during the third quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company's stock valued at $63,831,000 after acquiring an additional 1,291,541 shares during the period. American Century Companies Inc. boosted its position in shares of DRDGOLD by 36.8% in the second quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company's stock worth $5,851,000 after buying an additional 182,900 shares during the period. U S Global Investors Inc. purchased a new stake in shares of DRDGOLD in the third quarter worth about $2,388,000. Marshall Wace LLP boosted its position in shares of DRDGOLD by 34.3% in the second quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company's stock worth $1,791,000 after buying an additional 53,081 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of DRDGOLD by 270.4% in the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company's stock worth $683,000 after buying an additional 57,875 shares during the period. Hedge funds and other institutional investors 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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