DRDGOLD (NYSE:DRD) Upgraded at StockNews.com

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a report released on Friday morning.

Separately, HC Wainwright lowered their price target on DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a report on Wednesday, February 19th.

DRDGOLD Price Performance

NYSE DRD opened at $13.96 on Friday. DRDGOLD has a 1-year low of $7.64 and a 1-year high of $17.60. The firm has a market capitalization of $1.21 billion, a P/E ratio of 11.08 and a beta of 0.88. The business’s 50-day simple moving average is $14.35 and its 200-day simple moving average is $11.59.

DRDGOLD Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a $0.1628 dividend. This represents a dividend yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD’s payout ratio is 19.05%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Aquatic Capital Management LLC acquired a new stake in DRDGOLD in the fourth quarter worth $25,000. GAMMA Investing LLC grew its position in DRDGOLD by 53.0% in 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 during the last quarter. QRG Capital Management Inc. bought a new stake in shares of DRDGOLD during the fourth quarter valued at approximately $98,000. Squarepoint Ops LLC acquired a new position in shares of DRDGOLD during the fourth quarter worth approximately $110,000. Finally, Virtu Financial LLC bought a new position in DRDGOLD in the 3rd quarter worth approximately $119,000. 14.70% of the stock is owned by institutional investors and hedge funds.

About DRDGOLD

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.