DRDGOLD (NYSE:DRD) Given Buy Rating at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of DRDGOLD (NYSE:DRD) in a report published on Friday, Marketbeat.com reports. HC Wainwright currently has a $13.25 price target on the basic materials company’s stock.

Separately, StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th.

DRDGOLD Stock Up 5.3 %

DRD opened at $12.03 on Friday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 14.15 and a beta of 1.13. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.10. The company has a 50-day simple moving average of $9.34 and a 200 day simple moving average of $8.99.

DRDGOLD Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.1126 per share. This is a positive change from DRDGOLD’s previous semi-annual dividend of $0.11. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.9%. DRDGOLD’s payout ratio is presently 20.00%.

Institutional Investors Weigh In On DRDGOLD

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of DRDGOLD by 68.4% during 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 during the last quarter. Blue Trust Inc. boosted its holdings in shares of DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 5,997 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of DRDGOLD during the 2nd quarter valued at about $86,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of DRDGOLD during the 1st quarter valued at about $131,000. Finally, Dimensional Fund Advisors LP lifted 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 worth $683,000 after buying an additional 57,875 shares during the last quarter. 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.