DRDGOLD (NYSE:DRD) Shares Gap Up to $7.83

DRDGOLD Limited (NYSE:DRD)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $7.83, but opened at $8.10. DRDGOLD shares last traded at $8.12, with a volume of 85,211 shares traded.

Analyst Ratings Changes

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

DRDGOLD Stock Down 2.1 %

The stock has a 50 day moving average of $8.10 and a 200 day moving average of $8.07.

DRDGOLD Cuts Dividend

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

Hedge Funds Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in DRDGOLD by 36.4% during the third quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 6,341 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of DRDGOLD during the 3rd quarter worth approximately $247,000. Van ECK Associates Corp increased its position in shares of DRDGOLD by 1.0% during the third 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. Systematic Alpha Investments LLC bought a new stake in shares of DRDGOLD during the third quarter worth $53,000. Finally, Acadian Asset Management LLC increased its position in DRDGOLD by 6.8% in the 3rd quarter. Acadian Asset Management LLC now owns 1,467,309 shares of the basic materials company’s stock valued at $12,161,000 after acquiring an additional 93,250 shares in the last quarter. 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.