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 trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded DRDGOLD from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 1st.
Check Out Our Latest Stock Analysis on DRD
DRDGOLD Stock Performance
The stock's 50-day moving average is $14.75 and its two-hundred day moving average is $12.64. The stock has a market cap of $1.12 billion, a PE ratio of 10.27 and a beta of 0.37.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in DRDGOLD during the 1st quarter worth about $2,055,000. AQR Capital Management LLC purchased a new stake in DRDGOLD during the first quarter worth about $1,759,000. Vident Advisory LLC lifted its position in shares of DRDGOLD by 16.1% during the first quarter. Vident Advisory LLC now owns 121,104 shares of the basic materials company's stock worth $1,874,000 after purchasing an additional 16,784 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of DRDGOLD by 769.7% in the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock valued at $64,000 after purchasing an additional 3,633 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of DRDGOLD by 5.7% in the first quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company's stock valued at $14,571,000 after purchasing an additional 50,810 shares during the period. 14.70% of the stock is currently owned by hedge funds and other institutional investors.
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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