DRDGOLD Limited (NYSE:DRD - Get Free Report) shares saw strong trading volume on Thursday . 146,099 shares changed hands during trading, a decline of 52% from the previous session's volume of 302,183 shares.The stock last traded at $8.89 and had previously closed at $9.68.
Analyst Ratings Changes
A number of analysts recently commented on DRD shares. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. HC Wainwright cut their target price on DRDGOLD from $15.50 to $13.25 and set a "buy" rating on the stock in a research report on Thursday.
View Our Latest Analysis on DRDGOLD
DRDGOLD Stock Down 10.2 %
The stock has a market cap of $751.33 million, a PE ratio of 8.50 and a beta of 1.06. The stock has a 50-day moving average of $9.27 and a 200 day moving average of $8.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AJOVista LLC acquired a new position in DRDGOLD in the fourth quarter valued at approximately $792,000. Dynamic Technology Lab Private Ltd grew its position in DRDGOLD by 141.7% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company's stock valued at $280,000 after buying an additional 20,686 shares during the period. Van ECK Associates Corp grew its position in DRDGOLD by 1.2% during the fourth quarter. Van ECK Associates Corp now owns 6,132,581 shares of the basic materials company's stock valued at $48,754,000 after buying an additional 72,498 shares during the period. National Bank of Canada FI increased its holdings in DRDGOLD by 6.8% in the fourth quarter. National Bank of Canada FI now owns 176,194 shares of the basic materials company's stock valued at $1,388,000 after buying an additional 11,294 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of DRDGOLD in the first quarter worth about $131,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.
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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