DRDGOLD (NYSE:DRD) Stock Price Down 4.1% - Should You Sell?

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

Wall Street Analysts Forecast Growth

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

DRDGOLD Stock Down 4.2%

The company's 50-day moving average is $14.45 and its two-hundred day moving average is $12.90. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.61 and a beta of 0.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in shares of DRDGOLD by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock valued at $136,000 after purchasing an additional 1,438 shares during the period. GAMMA Investing LLC raised its holdings in DRDGOLD by 52.9% in the first 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. Rathbones Group PLC raised its position in shares of DRDGOLD by 15.7% in the 1st quarter. Rathbones Group PLC now owns 16,575 shares of the basic materials company's stock worth $256,000 after purchasing an additional 2,250 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of DRDGOLD in the 1st quarter worth about $39,000. Finally, Aquatic Capital Management LLC bought a new stake in DRDGOLD in the 4th quarter worth about $25,000. 14.70% of the stock is currently owned by institutional investors.

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.

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