DRDGOLD (NYSE:DRD) Shares Down 4.1%

Shares of DRDGOLD Limited (NYSE:DRDGet Rating) traded down 4.1% during mid-day trading on Thursday . The company traded as low as $9.01 and last traded at $9.09. 658 shares traded hands during trading, a decline of 100% from the average session volume of 239,044 shares. The stock had previously closed at $9.48.

Several equities research analysts recently weighed in on DRD shares. HC Wainwright increased their target price on shares of DRDGOLD from $18.00 to $18.25 and gave the company a “buy” rating in a research note on Wednesday, March 30th. Zacks Investment Research cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Finally, StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, March 29th.

The company’s 50 day moving average is $9.45 and its two-hundred day moving average is $8.96.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Friday, March 11th were given a $0.1328 dividend. This represents a $0.53 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend was Thursday, March 10th.

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in DRDGOLD by 204.0% in the second quarter. Bank of America Corp DE now owns 3,159 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 2,120 shares in the last quarter. Banque Cantonale Vaudoise raised its position in DRDGOLD by 1,190.6% in the third quarter. Banque Cantonale Vaudoise now owns 3,291 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 3,036 shares in the last quarter. Virtu Financial LLC acquired a new position in DRDGOLD in the fourth quarter worth about $93,000. Commonwealth Equity Services LLC acquired a new position in DRDGOLD in the third quarter worth about $98,000. Finally, Rathbone Brothers plc acquired a new position in DRDGOLD in the third quarter worth about $137,000. 11.05% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Company Profile (NYSE:DRD)

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.

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