DRDGOLD Limited (NYSE:DRD - Free Report) - Equities researchers at HC Wainwright lowered their FY2025 earnings per share (EPS) estimates for DRDGOLD in a research report issued on Thursday, August 22nd. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings per share of $0.75 for the year, down from their prior forecast of $1.01. HC Wainwright currently has a "Buy" rating and a $13.25 target price on the stock. The consensus estimate for DRDGOLD's current full-year earnings is $0.72 per share.
Separately, StockNews.com lowered shares of DRDGOLD from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th.
Check Out Our Latest Stock Report on DRD
DRDGOLD Stock Performance
NYSE:DRD traded down $0.16 during mid-day trading on Monday, hitting $8.51. 660,957 shares of the company's stock traded hands, compared to its average volume of 308,476. The company has a market cap of $735.77 million, a PE ratio of 8.18 and a beta of 1.06. The firm's 50 day simple moving average is $9.31 and its 200 day simple moving average is $8.51. DRDGOLD has a 1 year low of $6.48 and a 1 year high of $10.82.
Institutional Trading of DRDGOLD
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake 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 worth $1,791,000 after purchasing an additional 53,081 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of DRDGOLD by 68.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company's stock worth $39,000 after purchasing an additional 1,840 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DRDGOLD by 270.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company's stock worth $683,000 after purchasing an additional 57,875 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of DRDGOLD during the 2nd quarter worth about $86,000. Finally, American Century Companies Inc. boosted its stake in shares of DRDGOLD by 36.8% during the 2nd quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company's stock worth $5,851,000 after purchasing an additional 182,900 shares during the last quarter. 14.70% of the stock is currently owned by hedge funds and other institutional investors.
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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