DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.72 and traded as high as $11.49. DRDGOLD shares last traded at $11.38, with a volume of 243,015 shares traded.
Analysts Set New Price Targets
Separately, HC Wainwright boosted their price target on shares of DRDGOLD from $13.25 to $17.25 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd.
Check Out Our Latest Stock Analysis on DRD
DRDGOLD Price Performance
The business's 50-day simple moving average is $9.58 and its 200-day simple moving average is $9.74.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. GAMMA Investing LLC raised its position in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after acquiring an additional 1,122 shares during the period. Aquatic Capital Management LLC bought a new position in DRDGOLD in the fourth quarter worth approximately $25,000. JPMorgan Chase & Co. raised its position in DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock worth $878,000 after acquiring an additional 8,558 shares during the period. QRG Capital Management Inc. bought a new position in DRDGOLD in the fourth quarter worth approximately $98,000. Finally, Virtu Financial LLC bought a new position in DRDGOLD in the third quarter worth approximately $119,000. Institutional investors own 14.70% of the company's stock.
About DRDGOLD
(
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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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