DRDGOLD (NYSE:DRD) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

DRDGOLD Stock Performance

Shares of DRD opened at $8.38 on Tuesday. The business has a fifty day moving average of $7.79 and a 200 day moving average of $8.13. DRDGOLD has a 52-week low of $6.48 and a 52-week high of $13.85.

DRDGOLD Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were issued a dividend of $0.1058 per share. The ex-dividend date was Thursday, March 7th. This represents a yield of 5%.

Institutional Trading of DRDGOLD

Several institutional investors have recently added to or reduced their stakes in DRD. Jane Street Group LLC purchased a new stake in shares of DRDGOLD in the third quarter worth approximately $863,000. JPMorgan Chase & Co. purchased a new stake in DRDGOLD in the second quarter worth $1,559,000. Goldman Sachs Group Inc. purchased a new stake in DRDGOLD in the fourth quarter worth $959,000. American Century Companies Inc. bought a new stake in shares of DRDGOLD during the first quarter worth $1,057,000. Finally, AJOVista LLC purchased a new stake in shares of DRDGOLD during the fourth quarter valued at $792,000. 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.