DRDGOLD (NYSE:DRD) Reaches New 12-Month High – Time to Buy?

Shares of DRDGOLD Limited (NYSE:DRD) reached a new 52-week high during trading on Friday . The stock traded as high as $15.25 and last traded at $14.99, with a volume of 165387 shares changing hands. The stock had previously closed at $14.44.

Wall Street Analyst Weigh In

DRD has been the subject of a number of analyst reports. HC Wainwright decreased their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised DRDGOLD from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

DRDGOLD Stock Performance

The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 11.84 and a beta of 1.09. The business’s 50 day moving average is $11.74 and its 200-day moving average is $10.49.

DRDGOLD Announces Dividend

The business also recently announced an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.1628 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 1.8%. DRDGOLD’s dividend payout ratio (DPR) is 19.05%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DRD. PKO Investment Management Joint Stock Co acquired a new stake in DRDGOLD in the 4th quarter worth about $439,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of DRDGOLD in the fourth quarter worth approximately $276,000. Public Employees Retirement System of Ohio boosted its stake in shares of DRDGOLD by 26.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 56,592 shares of the basic materials company’s stock worth $488,000 after acquiring an additional 11,921 shares during the last quarter. GTS Securities LLC purchased a new stake in shares of DRDGOLD during the fourth quarter worth approximately $170,000. Finally, Squarepoint Ops LLC acquired a new position in DRDGOLD in the 4th quarter valued at $110,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

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.