DRDGOLD (NYSE:DRD) Hits New 1-Year High – Should You Buy?

DRDGOLD Limited (NYSE:DRD) reached a new 52-week high during trading on Tuesday . The stock traded as high as $14.29 and last traded at $14.24, with a volume of 55572 shares traded. The stock had previously closed at $13.49.

Wall Street Analyst Weigh In

DRD has been the subject of several research analyst reports. HC Wainwright reduced their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a report on Wednesday, February 19th. StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a research note on Friday.

DRDGOLD Trading Up 5.0 %

The stock has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $10.18. The firm has a market capitalization of $1.22 billion, a P/E ratio of 11.22 and a beta of 1.09.

DRDGOLD Announces Dividend

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

Institutional Investors Weigh In On DRDGOLD

Large investors have recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD during the 4th quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,122 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of DRDGOLD during the 4th quarter valued at about $98,000. Virtu Financial LLC purchased a new position in shares of DRDGOLD during the 3rd quarter valued at about $119,000. Finally, Squarepoint Ops LLC purchased a new position in shares of DRDGOLD during the 4th quarter valued at about $110,000. 14.70% of the stock is currently owned by institutional investors.

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.