DRDGOLD (NYSE:DRD - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Friday.
DRDGOLD Stock Up 2.9%
Shares of DRD traded up $0.37 during mid-day trading on Friday, reaching $13.33. The company had a trading volume of 279,944 shares, compared to its average volume of 362,914. DRDGOLD has a 52-week low of $7.64 and a 52-week high of $17.60. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.58 and a beta of 0.37. The stock has a 50 day moving average of $14.68 and a two-hundred day moving average of $12.71.
Institutional Trading of DRDGOLD
A number of hedge funds have recently modified their holdings of DRD. Ameriprise Financial Inc. boosted its position in DRDGOLD by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock worth $136,000 after purchasing an additional 1,438 shares in the last quarter. GAMMA Investing LLC boosted its position in DRDGOLD by 52.9% during 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 boosted its position in DRDGOLD by 15.7% during the first 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in DRDGOLD during the first quarter worth approximately $39,000. Finally, Aquatic Capital Management LLC purchased a new position in DRDGOLD during the fourth quarter worth approximately $25,000. Hedge funds and other institutional investors own 14.70% of the company's stock.
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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