DRDGOLD (NYSE:DRD) Trading Up 8.5% - What's Next?

DRDGOLD Limited (NYSE:DRD - Get Free Report)'s stock price rose 8.5% during trading on Monday . The stock traded as high as $16.25 and last traded at $16.29. Approximately 151,254 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 340,944 shares. The stock had previously closed at $15.01.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. HC Wainwright reduced their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Wall Street Zen cut DRDGOLD from a "strong-buy" rating to a "buy" rating in a research report on Sunday.

DRDGOLD Trading Down 2.2%

The firm's fifty day moving average price is $15.09 and its two-hundred day moving average price is $12.16. The stock has a market capitalization of $1.35 billion, a PE ratio of 12.44 and a beta of 0.40.

Institutional Trading of DRDGOLD

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. American Century Companies Inc. raised its position 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 worth $14,571,000 after acquiring an additional 50,810 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in DRDGOLD by 2.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 514,199 shares of the basic materials company's stock worth $7,955,000 after purchasing an additional 12,099 shares during the period. Invesco Ltd. boosted its position in DRDGOLD by 8.1% during the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company's stock worth $2,299,000 after purchasing an additional 20,000 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in DRDGOLD during the fourth quarter worth approximately $1,449,000. Finally, U S Global Investors Inc. acquired a new stake in DRDGOLD in the first quarter valued at approximately $2,150,000. Institutional investors and hedge funds own 14.70% of the company's stock.

About DRDGOLD

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.