DRDGOLD Limited (NYSE:DRD - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $13.75, but opened at $14.50. DRDGOLD shares last traded at $14.84, with a volume of 104,838 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered DRDGOLD from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th.
Read Our Latest Research Report on DRD
DRDGOLD Stock Performance
The company has a market capitalization of $1.23 billion, a P/E ratio of 11.27 and a beta of 0.30. The business has a 50 day moving average of $14.28 and a 200-day moving average of $13.27.
Institutional Trading of DRDGOLD
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in DRDGOLD in the 1st quarter worth about $39,000. Aquatic Capital Management LLC bought a new position in DRDGOLD in the 4th quarter worth about $25,000. Brooklyn Investment Group increased its stake in DRDGOLD by 769.7% in the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after acquiring an additional 3,633 shares during the last quarter. GAMMA Investing LLC increased its stake in DRDGOLD by 52.9% in the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after acquiring an additional 1,713 shares during the last quarter. Finally, Synergy Asset Management LLC increased its stake in DRDGOLD by 18,615.5% in the 1st quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock worth $168,000 after acquiring an additional 10,797 shares during the last quarter. 14.70% of the stock is currently owned by 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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