DRDGOLD (NYSE:DRD) Shares Gap Down to $8.55

DRDGOLD Limited (NYSE:DRD) gapped down before the market opened on Monday . The stock had previously closed at $8.55, but opened at $8.03. DRDGOLD shares last traded at $8.05, with a volume of 189,002 shares trading hands.

Wall Street Analyst Weigh In

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

DRDGOLD Stock Down 0.4 %

The firm’s fifty day moving average price is $7.87 and its 200-day moving average price is $8.14.

DRDGOLD Cuts Dividend

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

Institutional Trading of DRDGOLD

A number of institutional investors have recently modified their holdings of DRD. SG Americas Securities LLC raised its position in DRDGOLD by 36.4% during 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. U S Global Investors Inc. lifted its stake in DRDGOLD by 1.4% in the third quarter. U S Global Investors Inc. now owns 431,822 shares of the basic materials company’s stock worth $3,584,000 after acquiring an additional 5,822 shares during the period. Jump Financial LLC bought a new stake in DRDGOLD in the third quarter valued at $247,000. Van ECK Associates Corp increased its position in DRDGOLD by 1.0% during the 3rd quarter. Van ECK Associates Corp now owns 6,060,083 shares of the basic materials company’s stock valued at $50,298,000 after purchasing an additional 61,500 shares during the period. Finally, Systematic Alpha Investments LLC purchased a new stake in shares of DRDGOLD in the 3rd quarter worth about $53,000. 14.70% of the stock is currently owned by hedge funds and other 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.