DRDGOLD (NYSE:DRD) Rating Increased to Buy at StockNews.com

DRDGOLD (NYSE:DRD) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

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

DRDGOLD Stock Up 2.1 %

DRD stock opened at $14.12 on Friday. DRDGOLD has a twelve month low of $7.53 and a twelve month high of $14.24. The firm has a market cap of $1.22 billion, a PE ratio of 11.21 and a beta of 1.09. The business has a 50 day moving average of $10.62 and a 200 day moving average of $10.05.

Institutional Trading of DRDGOLD

Institutional investors and hedge funds have recently modified their holdings of the business. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD in the 4th quarter worth $25,000. GAMMA Investing LLC increased its holdings in shares of DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of DRDGOLD in the 4th quarter worth $98,000. Squarepoint Ops LLC bought a new stake in shares of DRDGOLD in the 4th quarter worth $110,000. Finally, Virtu Financial LLC bought a new stake in shares of DRDGOLD in the 3rd quarter worth $119,000. 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.