DRDGOLD (NYSE:DRD) Hits New 12-Month High – What’s Next?

DRDGOLD Limited (NYSE:DRD) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.75 and last traded at $15.67, with a volume of 641347 shares traded. The stock had previously closed at $15.37.

Analysts Set New Price Targets

DRD has been the topic of a number of research reports. StockNews.com raised shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. HC Wainwright cut their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.

DRDGOLD Stock Performance

The stock has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $10.71. The stock has a market cap of $1.35 billion, a PE ratio of 12.44 and a beta of 1.09.

DRDGOLD Dividend Announcement

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

Institutional Trading of DRDGOLD

Several large investors have recently modified their holdings of the business. Aquatic Capital Management LLC purchased a new position in DRDGOLD in the fourth quarter valued at about $25,000. GAMMA Investing LLC grew its position in shares of DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of DRDGOLD in the fourth quarter worth $98,000. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the fourth quarter valued at $110,000. Finally, Virtu Financial LLC bought a new position in DRDGOLD during the 3rd quarter valued at $119,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

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.