Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $15.63, but opened at $15.00. DRDGOLD shares last traded at $15.12, with a volume of 70,253 shares.
Wall Street Analyst Weigh In
DRD has been the topic of a number of research reports. Wall Street Zen raised DRDGOLD from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. HC Wainwright dropped their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th.
Get Our Latest Stock Report on DRDGOLD
DRDGOLD Stock Performance
The business has a 50 day moving average of $15.00 and a two-hundred day moving average of $12.02. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.89 and a beta of 0.40.
Institutional Trading of DRDGOLD
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC bought a new stake in DRDGOLD during the 4th quarter worth approximately $25,000. Banque Cantonale Vaudoise bought a new stake in DRDGOLD during the 1st quarter worth approximately $39,000. Brooklyn Investment Group increased its holdings in DRDGOLD by 769.7% during the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after purchasing an additional 3,633 shares in the last quarter. GAMMA Investing LLC increased its holdings in DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,713 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new stake in DRDGOLD during the 4th quarter worth approximately $98,000. 14.70% of the stock is owned by institutional investors.
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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