DRDGOLD (NYSE:DRD) Upgraded 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 Friday.

Separately, HC Wainwright decreased their price objective 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 Trading Down 1.5 %

Shares of NYSE:DRD opened at $13.93 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.06 and a beta of 1.09. The business has a 50-day moving average price of $10.82 and a two-hundred day moving average price of $10.14. DRDGOLD has a 1-year low of $7.53 and a 1-year high of $14.24.

DRDGOLD Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC acquired a new position in shares of DRDGOLD in the 4th quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of DRDGOLD during the fourth quarter worth about $98,000. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the 4th quarter valued at approximately $110,000. Finally, Virtu Financial LLC bought a new stake in DRDGOLD in the 3rd quarter valued at approximately $119,000. 14.70% of the stock is currently owned by institutional investors.

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.