DRDGOLD (NYSE:DRD) Downgraded by StockNews.com to Hold

StockNews.com cut shares of DRDGOLD (NYSE:DRD) from a buy rating to a hold rating in a report released on Thursday.

Separately, HC Wainwright lowered their price objective on DRDGOLD from $15.50 to $13.25 and set a buy rating for the company in a research note on Thursday, August 22nd.

DRDGOLD Stock Down 1.3 %

Shares of NYSE DRD opened at $10.11 on Thursday. DRDGOLD has a fifty-two week low of $6.48 and a fifty-two week high of $10.69. The business has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $8.77. The firm has a market cap of $874.10 million, a PE ratio of 11.76 and a beta of 1.12.

DRDGOLD Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a $0.1126 dividend. This is a positive change from DRDGOLD’s previous semi-annual dividend of $0.11. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.9%. DRDGOLD’s dividend payout ratio (DPR) is presently 19.77%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP grew its position in shares of DRDGOLD by 34.3% in the 2nd quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock worth $1,791,000 after acquiring an additional 53,081 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,840 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DRDGOLD by 270.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock worth $683,000 after acquiring an additional 57,875 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of DRDGOLD in the 2nd quarter worth approximately $86,000. Finally, American Century Companies Inc. grew its position in shares of DRDGOLD by 36.8% in the 2nd quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company’s stock worth $5,851,000 after acquiring an additional 182,900 shares in the last quarter. 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.