DRDGOLD (NYSE:DRD) Stock Price Down 2.5% – Should You Sell?

DRDGOLD Limited (NYSE:DRD) fell 2.5% on Monday . The company traded as low as $13.90 and last traded at $13.86. 107,444 shares were traded during trading, a decline of 71% from the average session volume of 365,513 shares. The stock had previously closed at $14.21.

Wall Street Analysts Forecast Growth

DRD has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. HC Wainwright decreased their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

DRDGOLD Stock Down 1.4 %

The firm has a market cap of $1.21 billion, a P/E ratio of 11.12 and a beta of 1.09. The firm has a fifty day moving average of $11.35 and a 200-day moving average of $10.36.

DRDGOLD Announces Dividend

The business also recently declared an annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.1628 dividend. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD’s dividend payout ratio is currently 19.05%.

Hedge Funds Weigh In On DRDGOLD

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in DRDGOLD by 53.0% in 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 in the 4th quarter valued at approximately $98,000. JPMorgan Chase & Co. increased its stake in DRDGOLD by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock worth $899,000 after purchasing an additional 9,765 shares in the last quarter. Blue Trust Inc. raised its holdings in DRDGOLD by 41.3% during the 4th quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company’s stock worth $441,000 after buying an additional 14,912 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in DRDGOLD by 15.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company’s stock valued at $4,333,000 after buying an additional 66,857 shares in the last quarter. Institutional investors own 14.70% of the company’s stock.

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.