Wall Street Zen Upgrades DRDGOLD (NYSE:DRD) to "Strong-Buy"

Wall Street Zen upgraded shares of DRDGOLD (NYSE:DRD - Free Report) from a buy rating to a strong-buy rating in a report released on Saturday morning.

Separately, HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th.

DRDGOLD Price Performance

Shares of DRD stock traded down $0.13 during trading hours on Friday, hitting $15.10. The stock had a trading volume of 128,774 shares, compared to its average volume of 341,159. The firm has a market capitalization of $1.31 billion, a PE ratio of 11.98 and a beta of 0.40. DRDGOLD has a twelve month low of $7.64 and a twelve month high of $17.60. The stock's 50 day moving average is $14.98 and its 200 day moving average is $11.98.

Institutional Investors Weigh In On DRDGOLD

Several large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 50,810 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of DRDGOLD by 2.4% during the first 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 last quarter. Invesco Ltd. raised its position in DRDGOLD by 8.1% in the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company's stock worth $2,299,000 after acquiring an additional 20,000 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in DRDGOLD in the fourth quarter worth $1,449,000. Finally, U S Global Investors Inc. purchased a new position in DRDGOLD in the first quarter worth $2,150,000. Hedge funds and other institutional investors 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.