DRDGOLD (NYSE:DRD) Hits New 12-Month High – Still a Buy?

DRDGOLD Limited (NYSE:DRD) shares hit a new 52-week high 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. HC Wainwright cut their price target on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a report on Wednesday, February 19th.

DRDGOLD Stock Performance

The business has a 50 day simple moving average of $11.85 and a two-hundred day simple moving average of $10.56. The firm has a market capitalization of $1.28 billion, a P/E ratio of 11.75 and a beta of 1.09.

DRDGOLD Dividend Announcement

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

Institutional Investors Weigh In On DRDGOLD

Hedge funds have recently bought and sold shares of the stock. Aquatic Capital Management LLC purchased a new position in shares of DRDGOLD in the 4th quarter worth about $25,000. GAMMA Investing LLC boosted its stake in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new position in DRDGOLD during the fourth quarter valued at approximately $98,000. Squarepoint Ops LLC bought a new position in DRDGOLD during the fourth quarter valued at approximately $110,000. Finally, Virtu Financial LLC purchased a new position in shares of DRDGOLD during the third quarter worth approximately $119,000. 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.