DRDGOLD (NYSE:DRD) Shares Gap Down to $9.91

DRDGOLD Limited (NYSE:DRD - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $9.91, but opened at $9.55. DRDGOLD shares last traded at $9.38, with a volume of 94,296 shares.

Analyst Ratings Changes

A number of analysts recently commented on the company. HC Wainwright increased their price target on DRDGOLD from $13.25 to $15.50 and gave the company a "buy" rating in a research report on Tuesday, May 14th. StockNews.com downgraded shares of DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, August 15th.

DRDGOLD Price Performance

The firm has a fifty day simple moving average of $9.25 and a two-hundred day simple moving average of $8.48. The firm has a market capitalization of $837.79 million, a P/E ratio of 9.25 and a beta of 1.06.

Institutional Investors Weigh In On DRDGOLD

Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in DRDGOLD by 317,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company's stock valued at $25,000 after buying an additional 3,179 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of DRDGOLD by 68.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,840 shares in the last quarter. Blue Trust Inc. raised its stake in shares of DRDGOLD by 4,107.5% during the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company's stock valued at $50,000 after purchasing an additional 5,997 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in DRDGOLD during the 2nd quarter worth about $86,000. Finally, Hennion & Walsh Asset Management Inc. bought a new position in DRDGOLD in the 1st quarter worth about $131,000. Hedge funds and other institutional investors own 14.70% of the company's stock.

DRDGOLD Company Profile

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.