DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $13.36, but opened at $12.86. DRDGOLD shares last traded at $12.88, with a volume of 87,653 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised DRDGOLD from a "buy" rating to a "strong-buy" rating in a research report on Friday.
View Our Latest Stock Report on DRDGOLD
DRDGOLD Trading Up 2.9%
The firm has a market capitalization of $1.15 billion, a P/E ratio of 10.58 and a beta of 0.37. The stock's 50-day simple moving average is $14.68 and its 200-day simple moving average is $12.71.
Institutional Trading of DRDGOLD
A number of institutional investors and hedge funds have recently modified their holdings of DRD. QRG Capital Management Inc. bought a new position in DRDGOLD in the 4th quarter valued at $98,000. Ashton Thomas Private Wealth LLC bought a new stake in DRDGOLD in the fourth quarter worth about $1,045,000. Connor Clark & Lunn Investment Management Ltd. raised its position in DRDGOLD by 15.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock worth $4,333,000 after acquiring an additional 66,857 shares during the period. American Century Companies Inc. boosted its stake 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 acquiring an additional 375,705 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of DRDGOLD by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after buying an additional 8,558 shares during the last quarter. 14.70% of the stock is owned by hedge funds and other institutional investors.
About DRDGOLD
(
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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