DRDGOLD (NYSE:DRD - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Thursday.
Separately, HC Wainwright dropped their target price on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on DRD
DRDGOLD Price Performance
DRD stock traded down $0.32 during trading on Thursday, reaching $12.96. 445,119 shares of the stock traded hands, compared to its average volume of 295,115. The firm has a market capitalization of $1.12 billion, a PE ratio of 10.29 and a beta of 1.09. The business's 50 day moving average price is $10.32 and its 200-day moving average price is $9.96. DRDGOLD has a 52-week low of $7.53 and a 52-week high of $13.51.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC purchased a new stake in shares of DRDGOLD during the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 1,122 shares during the period. QRG Capital Management Inc. acquired a new stake in DRDGOLD during the 4th quarter valued at $98,000. Squarepoint Ops LLC purchased a new stake in DRDGOLD during the 4th quarter worth $110,000. Finally, Virtu Financial LLC acquired a new position in DRDGOLD in the 3rd quarter worth $119,000. 14.70% of the stock is owned by hedge funds and other institutional investors.
DRDGOLD Company Profile
(
Get Free Report)
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.
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