DRDGOLD (NYSE:DRD) Trading 5.2% Higher – What’s Next?

DRDGOLD Limited (NYSE:DRD)’s stock price traded up 5.2% during trading on Wednesday . The company traded as high as $10.20 and last traded at $10.16. 55,809 shares were traded during trading, a decline of 82% from the average session volume of 304,133 shares. The stock had previously closed at $9.66.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $13.25 price objective on shares of DRDGOLD in a report on Friday, October 18th. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Trading Up 3.8 %

The firm’s fifty day moving average is $10.50 and its 200-day moving average is $9.54.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 1,840 shares in the last quarter. Blue Trust Inc. increased its position in DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,997 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in DRDGOLD in the 2nd quarter valued at about $86,000. Virtu Financial LLC acquired a new stake in DRDGOLD in the 3rd quarter valued at about $119,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in DRDGOLD by 11.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 1,802 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

About DRDGOLD

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.