StockNews.com began coverage on shares of DRDGOLD (NYSE:DRD – Get Rating) in a research note published on Thursday. The firm issued a buy rating on the basic materials company's stock.

Separately, HC Wainwright dropped their target price on DRDGOLD from $15.25 to $15.00 and set a buy rating for the company in a report on Thursday, February 16th.

DRDGOLD Stock Up 12.7 %

Shares of NYSE DRD opened at $8.35 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.30 and a current ratio of 4.92. The stock's 50-day simple moving average is $7.79 and its two-hundred day simple moving average is $6.69. DRDGOLD has a twelve month low of $4.66 and a twelve month high of $10.19.

DRDGOLD Increases Dividend

The company also recently announced a — dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Friday, March 10th will be given a $0.2212 dividend. The ex-dividend date is Thursday, March 9th. This represents a dividend yield of 3.3%. This is a positive change from DRDGOLD's previous — dividend of $0.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Sargent Bickham Lagudis LLC bought a new position in DRDGOLD during the 3rd quarter valued at approximately $34,000. Creative Planning bought a new stake in shares of DRDGOLD in the third quarter worth about $59,000. Gamco Investors INC. ET AL bought a new stake in shares of DRDGOLD in the third quarter worth about $62,000. Quadrant Capital Group LLC increased its stake in DRDGOLD by 621.5% during the third quarter. Quadrant Capital Group LLC now owns 15,376 shares of the basic materials company's stock worth $84,000 after acquiring an additional 13,245 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in DRDGOLD during the third quarter worth approximately $85,000.

DRDGOLD Company Profile

(Get Rating)

DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields.

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