Shares of DRDGOLD Limited (NYSE:DRD – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $12.74 and last traded at $12.64, with a volume of 319204 shares. The stock had previously closed at $12.12.
Analyst Ratings Changes
DRD has been the topic of several analyst reports. HC Wainwright lowered their target price on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday.
Read Our Latest Report on DRDGOLD
DRDGOLD Stock Up 4.6 %
DRDGOLD Announces Dividend
The business also recently announced an annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a $0.1628 dividend. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, March 14th. DRDGOLD’s payout ratio is 19.05%.
Institutional Investors Weigh In On DRDGOLD
Hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC acquired a new stake in DRDGOLD during the 4th quarter worth about $25,000. GAMMA Investing LLC grew its position in DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in DRDGOLD during the 4th quarter valued at $98,000. Squarepoint Ops LLC purchased a new stake in shares of DRDGOLD in the fourth quarter valued at $110,000. Finally, Virtu Financial LLC purchased a new position in DRDGOLD during the 3rd quarter valued at about $119,000. 14.70% of the stock is owned by hedge funds and other institutional investors.
DRDGOLD Company Profile
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.
Recommended Stories
- Five stocks we like better than DRDGOLD
- Options Trading – Understanding Strike Price
- Is Myers Industries Poised for a Breakout?
- How to Choose Top Rated Stocks
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- Stock Analyst Ratings and Canadian Analyst Ratings
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.