DRDGOLD (DRD) Upgraded to “Hold” at ValuEngine

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ValuEngine upgraded shares of DRDGOLD (NYSE:DRD) from a sell rating to a hold rating in a research note published on Wednesday.

Shares of NYSE:DRD opened at $2.07 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.01. DRDGOLD has a 52 week low of $1.76 and a 52 week high of $3.38.

An institutional investor recently raised its position in DRDGOLD stock. Ruffer LLP boosted its position in DRDGOLD Ltd. (NYSE:DRD) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,006,996 shares of the basic materials company’s stock after purchasing an additional 510,000 shares during the period. DRDGOLD comprises approximately 0.2% of Ruffer LLP’s holdings, making the stock its 26th largest position. Ruffer LLP owned about 7.12% of DRDGOLD worth $7,292,000 at the end of the most recent quarter. 19.84% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Company Profile

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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