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 issued on Saturday morning.

Separately, HC Wainwright reduced their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research report on Wednesday, February 19th.

DRDGOLD Price Performance

Shares of DRD stock traded down $0.16 during trading on Friday, hitting $15.07. 42,243 shares of the stock traded hands, compared to its average volume of 340,302. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.01 and a beta of 0.40. The firm's fifty day moving average price is $14.95 and its 200-day moving average price is $11.95. DRDGOLD has a 52-week low of $7.64 and a 52-week high of $17.60.

Institutional Trading of DRDGOLD

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in DRDGOLD in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise purchased a new stake in DRDGOLD in the first quarter valued at approximately $39,000. Brooklyn Investment Group raised its position in DRDGOLD by 769.7% in the first 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 during the period. GAMMA Investing LLC raised its position in DRDGOLD by 52.9% in the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,713 shares during the period. Finally, QRG Capital Management Inc. purchased a new stake in DRDGOLD in the fourth quarter valued at approximately $98,000. 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.