DRDGOLD (NYSE:DRD - Free Report) had its price objective decreased by HC Wainwright from $17.25 to $16.25 in a research note issued to investors on Wednesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the basic materials company's stock. HC Wainwright also issued estimates for DRDGOLD's FY2025 earnings at $1.06 EPS.
DRDGOLD Stock Down 5.1 %
Shares of DRD traded down $0.60 during mid-day trading on Wednesday, hitting $11.05. The company had a trading volume of 499,760 shares, compared to its average volume of 258,369. The business's 50-day simple moving average is $9.70 and its 200-day simple moving average is $9.78. DRDGOLD has a 1-year low of $6.48 and a 1-year high of $12.70. The stock has a market cap of $954.95 million, a PE ratio of 8.77 and a beta of 1.08.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,122 shares in the last quarter. Van ECK Associates Corp lifted its position in DRDGOLD by 24.2% during the third quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company's stock valued at $63,831,000 after buying an additional 1,291,541 shares in the last quarter. JPMorgan Chase & Co. lifted its position in DRDGOLD by 11.7% during the third 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. Blue Trust Inc. lifted its position in DRDGOLD by 488.4% during the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company's stock valued at $348,000 after buying an additional 30,001 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in DRDGOLD during the fourth quarter valued at approximately $1,140,000. 14.70% of the stock is owned by institutional investors and hedge funds.
DRDGOLD Company Profile
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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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