Wall Street Zen cut shares of DRDGOLD (NYSE:DRD - Free Report) from a strong-buy rating to a buy rating in a report published on Saturday.
DRDGOLD Stock Down 1.2%
NYSE DRD traded down $0.16 on Friday, reaching $13.56. The stock had a trading volume of 229,436 shares, compared to its average volume of 370,791. The stock has a fifty day moving average price of $14.37 and a two-hundred day moving average price of $13.04. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.77 and a beta of 0.30. DRDGOLD has a 12-month low of $7.64 and a 12-month high of $17.60.
Hedge Funds Weigh In On DRDGOLD
Large investors have recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in DRDGOLD by 72.9% in the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company's stock valued at $7,690,000 after buying an additional 375,705 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in DRDGOLD during the fourth quarter worth approximately $1,449,000. U S Global Investors Inc. acquired a new position in shares of DRDGOLD in the 1st quarter valued at $2,150,000. Acadian Asset Management LLC acquired a new position in shares of DRDGOLD in the 1st quarter valued at $2,055,000. Finally, AQR Capital Management LLC acquired a new position in shares of DRDGOLD in the 1st quarter valued at $1,759,000. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
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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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