DRDGOLD (NYSE:DRD) Trading Down 4.1% - Here's Why

Shares of DRDGOLD Limited (NYSE:DRD - Get Free Report) fell 4.1% during trading on Tuesday . The company traded as low as $13.65 and last traded at $13.38. 47,370 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 367,585 shares. The stock had previously closed at $13.96.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of DRDGOLD from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th.

DRDGOLD Price Performance

The stock's 50-day moving average price is $14.38 and its 200 day moving average price is $12.94. The firm has a market cap of $1.17 billion, a P/E ratio of 10.80 and a beta of 0.30.

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Acadian Asset Management LLC bought a new position in shares of DRDGOLD in the first quarter valued at about $2,055,000. AQR Capital Management LLC acquired a new stake in DRDGOLD during the first quarter worth about $1,759,000. Vident Advisory LLC grew its stake in 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 buying an additional 16,784 shares in the last quarter. Brooklyn Investment Group grew its stake in DRDGOLD by 769.7% during the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after buying an additional 3,633 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in DRDGOLD by 5.7% during the first quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company's stock worth $14,571,000 after buying an additional 50,810 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

DRDGOLD Company Profile

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.