DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price fell 2.5% on Wednesday . The company traded as low as $9.31 and last traded at $9.33. 60,642 shares changed hands during trading, a decline of 71% from the average session volume of 209,609 shares. The stock had previously closed at $9.57.
Wall Street Analyst Weigh In
A number of research firms have issued reports on DRD. HC Wainwright restated a "buy" rating and set a $13.25 price target on shares of DRDGOLD in a report on Friday, October 18th. StockNews.com lowered DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, September 26th.
Read Our Latest Research Report on DRDGOLD
DRDGOLD Stock Down 2.0 %
The firm's 50-day simple moving average is $9.37 and its 200-day simple moving average is $9.63.
Institutional Investors Weigh In On DRDGOLD
A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of DRDGOLD by 24.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company's stock worth $63,831,000 after purchasing an additional 1,291,541 shares in the last quarter. American Century Companies Inc. raised its stake in shares of DRDGOLD by 36.8% in the 2nd quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company's stock valued at $5,851,000 after buying an additional 182,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of DRDGOLD by 12.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company's stock worth $4,196,000 after acquiring an additional 48,442 shares during the period. U S Global Investors Inc. acquired a new stake in shares of DRDGOLD during the 3rd quarter valued at about $2,388,000. Finally, Marshall Wace LLP boosted its position in shares of DRDGOLD by 34.3% during the 2nd quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company's stock valued at $1,791,000 after acquiring an additional 53,081 shares in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.
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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