DRDGOLD (NYSE:DRD - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday.
DRDGOLD Stock Performance
Shares of NYSE:DRD traded down $0.39 during midday trading on Friday, reaching $12.98. 624,230 shares of the company's stock traded hands, compared to its average volume of 362,779. DRDGOLD has a 1 year low of $7.64 and a 1 year high of $17.60. The company has a market cap of $1.12 billion, a P/E ratio of 10.30 and a beta of 0.37. The company has a fifty day simple moving average of $14.68 and a two-hundred day simple moving average of $12.67.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of DRDGOLD during the 1st quarter valued at approximately $2,055,000. AQR Capital Management LLC purchased a new position in DRDGOLD in the 1st quarter valued at $1,759,000. Vident Advisory LLC lifted its holdings in DRDGOLD by 16.1% in the 1st quarter. Vident Advisory LLC now owns 121,104 shares of the basic materials company's stock valued at $1,874,000 after purchasing an additional 16,784 shares in the last quarter. Brooklyn Investment Group lifted its holdings in 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 purchasing an additional 3,633 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in DRDGOLD by 5.7% in the 1st quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company's stock valued at $14,571,000 after purchasing an additional 50,810 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company's stock.
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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