DRDGOLD (NYSE:DRD) Cut to "Buy" at Wall Street Zen

Wall Street Zen cut shares of DRDGOLD (NYSE:DRD - Free Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.

DRDGOLD Trading Up 1.5%

DRD stock traded up $0.20 during trading on Friday, hitting $13.59. The company had a trading volume of 336,745 shares, compared to its average volume of 370,559. The business has a 50 day moving average of $14.37 and a 200 day moving average of $12.98. DRDGOLD has a fifty-two week low of $7.64 and a fifty-two week high of $17.60. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.79 and a beta of 0.30.

Institutional Investors Weigh In On DRDGOLD

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in DRDGOLD by 5.7% in the 1st quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company's stock valued at $14,571,000 after acquiring an additional 50,810 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in DRDGOLD by 2.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 514,199 shares of the basic materials company's stock valued at $7,955,000 after acquiring an additional 12,099 shares during the last quarter. Invesco Ltd. lifted its stake in DRDGOLD by 8.1% during the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company's stock valued at $2,299,000 after buying an additional 20,000 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in DRDGOLD during the fourth quarter valued at about $1,449,000. Finally, U S Global Investors Inc. purchased a new stake in DRDGOLD during the first quarter valued at about $2,150,000. 14.70% of the stock is owned by institutional investors and hedge funds.

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.