DRDGOLD Limited (NYSE:DRD) Short Interest Update

DRDGOLD Limited (NYSE:DRD) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, a drop of 21.3% from the February 13th total of 1,640,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 278,500 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Ratings Changes

A number of brokerages have recently commented on DRD. StockNews.com raised shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Friday. HC Wainwright dropped their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Stock Performance

DRDGOLD stock traded down $0.41 during trading on Monday, reaching $13.48. The company had a trading volume of 922,266 shares, compared to its average volume of 301,825. The firm’s 50-day simple moving average is $10.82 and its 200 day simple moving average is $10.14. DRDGOLD has a 1-year low of $7.53 and a 1-year high of $14.24. The firm has a market capitalization of $1.17 billion, a PE ratio of 10.70 and a beta of 1.09.

DRDGOLD Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.1628 dividend. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD’s dividend payout ratio is currently 19.05%.

Institutional Investors Weigh In On DRDGOLD

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,122 shares during the period. Ameriprise Financial Inc. boosted its stake in DRDGOLD by 10.0% during the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 1,438 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in DRDGOLD during the 4th quarter worth $25,000. Bank of America Corp DE boosted its stake in DRDGOLD by 47.2% during the 4th quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 5,364 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in DRDGOLD by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock worth $878,000 after purchasing an additional 8,558 shares during the last quarter. 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.