DRDGOLD (NYSE:DRD) Shares Up 3.5% – Still a Buy?

DRDGOLD Limited (NYSE:DRD) shares rose 3.5% during mid-day trading on Monday . The company traded as high as $11.55 and last traded at $11.39. Approximately 305,685 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 294,718 shares. The stock had previously closed at $11.01.

Wall Street Analyst Weigh In

Several equities analysts have commented on DRD shares. HC Wainwright lowered their target price on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

DRDGOLD Price Performance

The company has a fifty day moving average price of $9.93 and a two-hundred day moving average price of $9.86. The firm has a market cap of $992.55 million, a price-to-earnings ratio of 9.11 and a beta of 1.08.

DRDGOLD Dividend Announcement

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

Hedge Funds Weigh In On DRDGOLD

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in DRDGOLD by 53.0% during 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 during the last quarter. Ameriprise Financial Inc. lifted its position in shares of DRDGOLD by 10.0% during the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 1,438 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD during the 4th quarter worth $25,000. Bank of America Corp DE grew its holdings in shares of DRDGOLD by 47.2% in the 4th quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 5,364 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of DRDGOLD by 9.2% during the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock worth $878,000 after purchasing an additional 8,558 shares during the period. Institutional investors and hedge funds 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.