DRDGOLD Ltd. (NYSE:DRD)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $16.48 and last traded at $16.47, with a volume of 14508 shares trading hands. The stock had previously closed at $15.73.
Several research analysts recently weighed in on DRD shares. ValuEngine lowered DRDGOLD from a “hold” rating to a “sell” rating in a research report on Monday, March 30th. HC Wainwright upped their target price on DRDGOLD from $9.25 to $11.50 and gave the stock a “buy” rating in a research report on Friday, June 12th. Finally, Zacks Investment Research lowered DRDGOLD from a “hold” rating to a “sell” rating in a research report on Tuesday, June 23rd.
The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $7.89. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 203.25 and a beta of 0.97.
The business also recently declared an annual dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 18th were paid a dividend of $0.1488 per share. The ex-dividend date was Wednesday, June 17th. This represents a dividend yield of 3.4%. DRDGOLD’s dividend payout ratio (DPR) is presently 275.00%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of DRDGOLD by 22.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 252,293 shares of the basic materials company’s stock worth $1,294,000 after acquiring an additional 45,854 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in DRDGOLD during the 1st quarter valued at approximately $102,000. Banque Cantonale Vaudoise boosted its stake in DRDGOLD by 27.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 28,979 shares of the basic materials company’s stock valued at $156,000 after purchasing an additional 6,324 shares during the period. Finally, Jane Street Group LLC boosted its stake in DRDGOLD by 62.1% during the 1st quarter. Jane Street Group LLC now owns 83,093 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 31,828 shares during the period. Institutional investors own 9.99% of the company’s stock.
DRDGOLD Company Profile (NYSE:DRD)
DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.
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