DRDGOLD (NYSE:DRD - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.
Separately, HC Wainwright cut 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 Report on DRDGOLD
DRDGOLD Trading Down 4.2 %
DRD stock traded down $0.68 during trading on Friday, reaching $15.45. The stock had a trading volume of 652,820 shares, compared to its average volume of 333,233. The stock's 50 day moving average is $13.73 and its two-hundred day moving average is $11.33. The firm has a market cap of $1.34 billion, a PE ratio of 12.26 and a beta of 0.88. DRDGOLD has a 52 week low of $7.64 and a 52 week high of $17.60.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Synergy Asset Management LLC lifted its holdings in DRDGOLD by 18,615.5% during the first quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock valued at $168,000 after purchasing an additional 10,797 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,713 shares in the last quarter. PKO Investment Management Joint Stock Co purchased a new stake in DRDGOLD in the 4th quarter worth $439,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in DRDGOLD during the fourth quarter valued at about $276,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of DRDGOLD by 26.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 56,592 shares of the basic materials company's stock valued at $488,000 after acquiring an additional 11,921 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors.
About DRDGOLD
(
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.
See Also
Before you consider DRDGOLD, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DRDGOLD wasn't on the list.
While DRDGOLD currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
