DRDGOLD (NYSE:DRD) Shares Up 3.1% – Still a Buy?

DRDGOLD Limited (NYSE:DRD) was up 3.1% during mid-day trading on Thursday . The company traded as high as $10.11 and last traded at $10.11. Approximately 27,537 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 315,310 shares. The stock had previously closed at $9.81.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. HC Wainwright cut their price target on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating on the stock in a research report on Thursday, August 22nd.

DRDGOLD Stock Up 2.2 %

The stock has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $8.89.

DRDGOLD Increases Dividend

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

Institutional Investors Weigh In On DRDGOLD

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in DRDGOLD by 7.0% in the first quarter. Van ECK Associates Corp now owns 6,563,184 shares of the basic materials company’s stock valued at $53,818,000 after acquiring an additional 430,603 shares during the period. American Century Companies Inc. lifted its holdings 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 purchasing an additional 182,900 shares in the last quarter. Marshall Wace LLP grew its position in DRDGOLD by 34.3% in the 2nd quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock valued at $1,791,000 after purchasing an additional 53,081 shares during the period. Dimensional Fund Advisors LP grew its position in DRDGOLD by 270.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock valued at $683,000 after purchasing an additional 57,875 shares during the period. Finally, Creekmur Asset Management LLC bought a new stake in DRDGOLD during the 4th quarter valued at $216,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Company Profile

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.