DRDGOLD (NYSE:DRD - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.
Separately, HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th.
Check Out Our Latest Stock Report on DRD
DRDGOLD Stock Performance
NYSE:DRD opened at $14.12 on Friday. DRDGOLD has a 52-week low of $7.53 and a 52-week high of $14.24. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 11.21 and a beta of 1.09. The business's fifty day moving average is $10.62 and its 200 day moving average is $10.05.
Institutional Investors Weigh In On DRDGOLD
Several institutional investors have recently bought and sold shares of DRD. GAMMA Investing LLC lifted its holdings in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after buying an additional 1,122 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of DRDGOLD by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock valued at $136,000 after purchasing an additional 1,438 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of DRDGOLD in the 4th quarter valued at approximately $25,000. Bank of America Corp DE lifted its stake in shares of DRDGOLD by 47.2% in the 4th quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company's stock valued at $144,000 after purchasing an additional 5,364 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of DRDGOLD by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after purchasing an additional 8,558 shares during the period. 14.70% of the stock is currently 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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