DRDGOLD Limited (NYSE:DRD - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.04, but opened at $14.34. DRDGOLD shares last traded at $14.26, with a volume of 73,725 shares.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Wall Street Zen cut shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. HC Wainwright dropped their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research note on Wednesday, February 19th.
Check Out Our Latest Research Report on DRD
DRDGOLD Trading Up 2.3%
The firm's 50-day moving average price is $15.02 and its 200 day moving average price is $12.34. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.40 and a beta of 0.37.
Hedge Funds Weigh In On DRDGOLD
Hedge funds and other institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in shares of DRDGOLD in the 1st quarter valued at approximately $39,000. Aquatic Capital Management LLC acquired a new position in shares of DRDGOLD in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group raised its position in shares of DRDGOLD by 769.7% in the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock valued at $64,000 after buying an additional 3,633 shares in the last quarter. GAMMA Investing LLC raised its position in shares of DRDGOLD by 52.9% in the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after buying an additional 1,713 shares in the last quarter. Finally, Synergy Asset Management LLC raised its position in shares of 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 valued at $168,000 after buying an additional 10,797 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors and hedge funds.
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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