DRDGOLD (NYSE:DRD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a research note issued to investors on Friday.

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

DRDGOLD Price Performance

DRDGOLD stock opened at $13.93 on Friday. DRDGOLD has a fifty-two week low of $7.53 and a fifty-two week high of $14.24. The firm has a market capitalization of $1.20 billion, a PE ratio of 11.06 and a beta of 1.09. The company’s 50-day moving average is $10.82 and its 200-day moving average is $10.14.

DRDGOLD Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a dividend of $0.1628 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD’s payout ratio is currently 19.05%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new position in DRDGOLD during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,122 shares during the period. QRG Capital Management Inc. acquired a new stake in DRDGOLD during the fourth quarter worth approximately $98,000. Squarepoint Ops LLC bought a new position in DRDGOLD during the 4th quarter worth $110,000. Finally, Virtu Financial LLC acquired a new position in DRDGOLD in the 3rd quarter valued at $119,000. Institutional investors own 14.70% of the company’s stock.

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.