DRDGOLD (NYSE:DRD) Given “Buy” Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of DRDGOLD (NYSE:DRD) in a research note published on Friday, Marketbeat.com reports. They currently have a $13.25 price objective on the basic materials company’s stock.

Separately, StockNews.com cut DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Price Performance

NYSE:DRD opened at $12.27 on Friday. DRDGOLD has a fifty-two week low of $6.48 and a fifty-two week high of $12.63. The stock has a market capitalization of $1.06 billion, a PE ratio of 14.44 and a beta of 1.13. The business’s 50-day simple moving average is $9.40 and its 200-day simple moving average is $9.02.

DRDGOLD Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were given a $0.1126 dividend. This represents a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 13th. This is a positive change from DRDGOLD’s previous semi-annual dividend of $0.11. DRDGOLD’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Investors Weigh In On DRDGOLD

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in DRDGOLD by 11.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company’s stock valued at $153,000 after buying an additional 1,802 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,840 shares during the last quarter. Blue Trust Inc. raised its position in DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after buying an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in DRDGOLD in the 2nd quarter valued at approximately $86,000. Finally, Marshall Wace LLP raised its position in DRDGOLD by 34.3% in the 2nd quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock valued at $1,791,000 after buying an additional 53,081 shares during the last quarter. Institutional investors and hedge funds 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.