DRDGOLD (NYSE:DRD) Shares Gap Down to $8.32

DRDGOLD Limited (NYSE:DRD)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $8.32, but opened at $7.99. DRDGOLD shares last traded at $7.98, with a volume of 83,638 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised DRDGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th.

DRDGOLD Stock Up 0.5 %

The firm’s 50 day simple moving average is $7.99 and its 200 day simple moving average is $8.12.

DRDGOLD Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were paid a dividend of $0.1058 per share. This represents a yield of 5%. The ex-dividend date was Thursday, March 7th.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of DRDGOLD by 317,900.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after buying an additional 3,179 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of DRDGOLD by 36.4% in the 3rd quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 6,341 shares during the last quarter. Systematic Alpha Investments LLC purchased a new position in shares of DRDGOLD in the 3rd quarter worth approximately $53,000. National Bank of Canada FI increased its position in shares of DRDGOLD by 6.8% during the 4th quarter. National Bank of Canada FI now owns 176,194 shares of the basic materials company’s stock valued at $1,388,000 after purchasing an additional 11,294 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of DRDGOLD during the 4th quarter valued at approximately $102,000. Institutional investors 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.