DRDGOLD Ltd. (DRD) to Issue Quarterly Dividend of $0.08 on October 27th
DRDGOLD Ltd. (NYSE:DRD) declared a quarterly dividend on Friday, September 16th. Stockholders of record on Friday, October 14th will be given a dividend of 0.0832 per share on Thursday, October 27th. This represents a $0.33 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, October 12th.
DRDGOLD (NYSE:DRD) opened at 4.52 on Tuesday. The stock has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.78. The firm has a market capitalization of $190.77 million, a price-to-earnings ratio of 41.85 and a beta of -0.61. DRDGOLD has a 1-year low of $1.34 and a 1-year high of $9.10.
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered DRDGOLD from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 12th. HSBC lowered DRDGOLD from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th.
Several large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its stake in shares of DRDGOLD by 772.9% in the second quarter. O Shaughnessy Asset Management LLC now owns 34,856 shares of the company’s stock worth $206,000 after buying an additional 30,863 shares during the period. National Asset Management Inc. bought a new stake in shares of DRDGOLD during the second quarter worth about $106,000. Finally, Allianz Asset Management AG bought a new stake in shares of DRDGOLD during the second quarter worth about $445,000. 11.56% of the stock is currently owned by institutional investors.
DRDGOLD Company Profile
DRDGOLD Limited is a surface gold tailings retreatment company. The Company operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company’s operating entity. Ergo is a surface retreatment operator. Ergo’s assets cover an area approximately 62 kilometers from east to west and 25 kilometers from north to south.
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