DRDGOLD Limited (NYSE:DRD – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.22 and traded as high as $28.45. DRDGOLD shares last traded at $28.25, with a volume of 237,595 shares.
Wall Street Analysts Forecast Growth
DRD has been the subject of several research reports. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research downgraded shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Finally, HC Wainwright increased their price objective on shares of DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.00.
Check Out Our Latest Stock Report on DRD
DRDGOLD Trading Up 2.1%
DRDGOLD (NYSE:DRD – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $188.03 million for the quarter. Equities research analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.
DRDGOLD Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 11th will be given a $0.7379 dividend. The ex-dividend date is Friday, September 11th. This represents a dividend yield of 530.0%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Renaissance Technologies LLC raised its position in shares of DRDGOLD by 58.3% during the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after purchasing an additional 128,832 shares during the period. Amundi boosted its stake in DRDGOLD by 9.1% in the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock worth $14,911,000 after purchasing an additional 42,342 shares during the period. Sei Investments Co. grew its holdings in shares of DRDGOLD by 60.8% during the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock worth $2,342,000 after buying an additional 30,137 shares in the last quarter. ABC Arbitrage SA grew its stake in shares of DRDGOLD by 107.2% during the 4th quarter. ABC Arbitrage SA now owns 127,033 shares of the basic materials company’s stock worth $3,939,000 after acquiring an additional 65,729 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after buying an additional 1,059 shares during the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.
DRDGOLD Company Profile
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.
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