DRDGOLD (NYSE:DRD) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a report published on Tuesday.

DRDGOLD Price Performance

Shares of DRDGOLD stock opened at $8.38 on Tuesday. The company’s fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $8.13. DRDGOLD has a 12-month low of $6.48 and a 12-month high of $13.85.

DRDGOLD Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in shares of DRDGOLD by 4.0% in the 1st quarter. Advisory Services Network LLC now owns 42,614 shares of the basic materials company’s stock worth $408,000 after acquiring an additional 1,652 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of DRDGOLD by 317,900.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 3,179 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of DRDGOLD by 11.4% during the first quarter. Cubist Systematic Strategies LLC now owns 33,171 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 3,398 shares during the last quarter. UBS Group AG boosted its position in shares of DRDGOLD by 13.4% in the 3rd quarter. UBS Group AG now owns 28,997 shares of the basic materials company’s stock worth $241,000 after purchasing an additional 3,416 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of DRDGOLD in the 1st quarter worth approximately $36,000. Institutional investors 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.