DRDGOLD (NYSE:DRD) Rating Lowered to Hold at StockNews.com

DRDGOLD (NYSE:DRDGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, HC Wainwright upped their price objective on DRDGOLD from $13.25 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, May 14th.

Read Our Latest Research Report on DRDGOLD

DRDGOLD Price Performance

Shares of DRDGOLD stock traded down $0.06 during trading on Thursday, hitting $9.34. 137,755 shares of the stock were exchanged, compared to its average volume of 304,769. The firm’s 50-day moving average price is $9.15 and its 200 day moving average price is $8.43. The stock has a market cap of $807.53 million, a price-to-earnings ratio of 8.98 and a beta of 1.06. DRDGOLD has a 12-month low of $6.48 and a 12-month high of $10.82.

Institutional Investors Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in DRDGOLD by 317,900.0% during 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 during the period. EverSource Wealth Advisors LLC grew its position in shares of DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,840 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 during the period. Thompson Siegel & Walmsley LLC purchased a new stake in DRDGOLD in the 2nd quarter valued at $86,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in DRDGOLD during the 1st quarter worth $131,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Company Profile

(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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