DRDGOLD (NYSE:DRD) Cut to “Hold” at Zacks Research

Zacks Research cut shares of DRDGOLD (NYSE:DRD) from a strong-buy rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts have also issued reports about the company. HC Wainwright lifted their price target on DRDGOLD to $46.50 and gave the stock a “buy” rating in a research note on Friday, January 30th. Wall Street Zen raised shares of DRDGOLD from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of DRDGOLD in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.50.

DRDGOLD Stock Up 1.2%

Shares of DRDGOLD stock opened at $31.13 on Tuesday. DRDGOLD has a twelve month low of $12.75 and a twelve month high of $39.37. The firm’s 50-day moving average price is $32.98 and its 200 day moving average price is $30.51.

DRDGOLD (NYSE:DRD) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $6.74 EPS for the quarter. As a group, analysts anticipate that DRDGOLD will post 1.06 earnings per share for the current year.

DRDGOLD Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.3122 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 207.0%.

Institutional Trading of DRDGOLD

Several large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of DRDGOLD by 4.2% during the 4th quarter. GAMMA Investing LLC now owns 8,450 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 337 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of DRDGOLD by 33.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 566 shares during the period. Osaic Holdings Inc. increased its position in DRDGOLD by 8.1% during the fourth quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 570 shares during the last quarter. Blue Trust Inc. increased its position in DRDGOLD by 21.8% during the fourth quarter. Blue Trust Inc. now owns 4,476 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 800 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in DRDGOLD by 7.0% during the third quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 800 shares during the period. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

About DRDGOLD

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.