DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $8.63, but opened at $8.93. DRDGOLD shares last traded at $9.08, with a volume of 60,435 shares trading hands.
Analysts Set New Price Targets
A number of brokerages have weighed in on DRD. HC Wainwright reaffirmed a "buy" rating and set a $13.25 target price on shares of DRDGOLD in a research report on Friday, October 18th. StockNews.com downgraded shares of DRDGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th.
View Our Latest Stock Analysis on DRD
DRDGOLD Price Performance
The business has a 50-day moving average of $9.73 and a two-hundred day moving average of $9.61. The company has a market cap of $753.92 million, a P/E ratio of 8.23 and a beta of 1.05.
Institutional Trading of DRDGOLD
Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 1,122 shares in the last quarter. JPMorgan Chase & Co. increased its position in DRDGOLD by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company's stock valued at $899,000 after buying an additional 9,765 shares in the last quarter. Virtu Financial LLC purchased a new stake in DRDGOLD in the third quarter valued at about $119,000. Public Employees Retirement System of Ohio acquired a new stake in DRDGOLD in the third quarter worth about $431,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of DRDGOLD by 12.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company's stock valued at $4,196,000 after acquiring an additional 48,442 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.
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