DRDGOLD (NYSE:DRD) Shares Gap Down - Should You Sell?

Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $11.34, but opened at $10.94. DRDGOLD shares last traded at $10.95, with a volume of 33,619 shares.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased 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.

DRDGOLD Trading Down 5.8 %

The business's fifty day moving average price is $9.56 and its 200 day moving average price is $9.74.

Hedge Funds Weigh In On DRDGOLD

Several institutional investors have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC bought a new position in shares of DRDGOLD in the fourth quarter worth about $25,000. GAMMA Investing LLC grew its position in shares of DRDGOLD by 53.0% during 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. QRG Capital Management Inc. acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $98,000. Virtu Financial LLC acquired a new stake in shares of DRDGOLD during the 3rd quarter worth approximately $119,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $176,000. 14.70% of the stock is owned by institutional investors.

About DRDGOLD

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.