DRDGOLD (NYSE:DRD) Shares Gap to $9.03

Shares of DRDGOLD Limited (NYSE:DRD – Get Your Free Report ) were lower in pre-market trading on Thursday. The stock had previously closed at $9.03 but opened at $9.56. Shares of DRDGOLD last traded at $9.57 with a volume of 128,805 shares trading.

Changes in Analyst Ratings

DRD has been the subject of a number of research analyst reports. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a report on Wednesday. HC Wainwright lowered their target price on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating on the stock in a report on Thursday, August 22nd.

See our latest research report on DRD

DRDGOLD price performance

The company’s 50-day moving average price is $9.12, and its two-hundred-day moving average price is $8.66.

DRDGOLD increases dividends

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 13th will be given a dividend of $0.1126 per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 13. This is an increase from DRDGOLD’s previous semi-annual dividend of $0.11.

Institutional investors are investing in DRDGOLD

A number of institutional investors have recently modified their holdings of DRD. EverSource Wealth Advisors LLC grew its position in shares of DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 1,840 shares during the last quarter. Blue Trust Inc. raised its stake in DRDGOLD by 4,107.5% during the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 5,997 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in DRDGOLD during the 2nd quarter valued at approximately $86,000. Hennion & Walsh Asset Management Inc. purchased a new position in DRDGOLD in the first quarter valued at approximately $131,000. Finally, Creekmur Asset Management LLC acquired a new position in DRDGOLD in the 4th quarter valued at about $216,000. Institutional investors own 14.70% of the company’s shares.

About DRDGOLD

(Get a free report)

DRDGOLD Limited, a gold mining company, is engaged in the business of surface gold tailings reprocessing in South Africa. It also involved in exploration, extraction, processing and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in the Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.

Further reading

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