HC Wainwright reissued their buy rating on shares of DRDGOLD (NYSE:DRD) in a research report sent to investors on Tuesday, AnalystRatings.com reports. They currently have a $13.75 price target on the basic materials company’s stock.
Separately, ValuEngine lowered shares of DRDGOLD from a sell rating to a strong sell rating in a research report on Tuesday, October 15th.
NYSE DRD traded up $0.10 during trading hours on Tuesday, hitting $4.96. 188,600 shares of the company’s stock traded hands, compared to its average volume of 135,978. The business’s fifty day moving average price is $4.52 and its two-hundred day moving average price is $3.23. The firm has a market capitalization of $207.67 million, a P/E ratio of 62.00 and a beta of -0.44. DRDGOLD has a 52 week low of $1.64 and a 52 week high of $5.20.
The firm also recently announced a — dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were given a dividend of $0.1357 per share. The ex-dividend date was Thursday, September 26th. DRDGOLD’s dividend payout ratio (DPR) is 125.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in DRD. Ruffer LLP grew its position in DRDGOLD by 33.7% during the second quarter. Ruffer LLP now owns 4,964,439 shares of the basic materials company’s stock valued at $15,067,000 after buying an additional 1,249,941 shares during the period. SG Americas Securities LLC bought a new stake in DRDGOLD during the second quarter valued at approximately $64,000. Midwest Professional Planners LTD. bought a new stake in DRDGOLD during the second quarter valued at approximately $44,000. HighTower Advisors LLC bought a new stake in DRDGOLD during the second quarter valued at approximately $31,000. Finally, Citadel Advisors LLC grew its position in DRDGOLD by 44.2% during the second quarter. Citadel Advisors LLC now owns 14,418 shares of the basic materials company’s stock valued at $44,000 after buying an additional 4,418 shares during the period. Institutional investors own 16.81% of the company’s stock.
DRDGOLD Company Profile
DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.
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