DRDGOLD Limited (NYSE:DRD – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.25 and traded as high as $10.30. DRDGOLD shares last traded at $10.00, with a volume of 233,221 shares.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. HC Wainwright boosted their price target on shares of DRDGOLD from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. StockNews.com raised shares of DRDGOLD from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.
DRDGOLD Stock Down 2.2 %
DRDGOLD Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 15th will be issued a $0.3463 dividend. This represents a dividend yield of 2.4%. This is a boost from DRDGOLD’s previous semi-annual dividend of $0.18. The ex-dividend date is Thursday, September 14th.
Institutional Investors Weigh In On DRDGOLD
Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of DRDGOLD in the 1st quarter valued at about $36,000. Banque Cantonale Vaudoise lifted its position in DRDGOLD by 115.3% during the first quarter. Banque Cantonale Vaudoise now owns 7,983 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 4,275 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in DRDGOLD by 3,530.0% during the second quarter. Tower Research Capital LLC TRC now owns 8,240 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 8,013 shares during the last quarter. Atticus Wealth Management LLC acquired a new stake in DRDGOLD during the second quarter worth approximately $102,000. Finally, Personal CFO Solutions LLC acquired a new stake in DRDGOLD during the second quarter worth approximately $109,000.
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.
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