DRDGOLD (NYSE:DRD) Sees Unusually-High Trading Volume

DRDGOLD Limited (NYSE:DRD) saw an uptick in trading volume on Monday . 221,472 shares traded hands during trading, a decline of 28% from the previous session’s volume of 308,868 shares.The stock last traded at $9.00 and had previously closed at $9.79.

Analyst Ratings Changes

A number of research firms have issued reports on DRD. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. HC Wainwright boosted their price objective on DRDGOLD from $13.25 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, May 14th.

DRDGOLD Trading Down 9.5 %

The company has a fifty day moving average price of $9.04 and a 200 day moving average price of $8.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in DRDGOLD by 317,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock worth $25,000 after buying an additional 3,179 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of DRDGOLD by 4,107.5% during the second 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. Hennion & Walsh Asset Management Inc. bought a new position in shares of DRDGOLD during the first quarter valued at approximately $131,000. Creekmur Asset Management LLC bought a new position in shares of DRDGOLD during the fourth quarter valued at approximately $216,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of 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 acquiring an additional 20,686 shares in the last quarter. 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.