DRDGOLD (NYSE:DRD – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Separately, HC Wainwright decreased their target price on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating for the company in a research note on Thursday, August 22nd.
Read Our Latest Stock Analysis on DRD
DRDGOLD Stock Down 0.7 %
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in DRDGOLD by 68.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 1,840 shares during the period. Blue Trust Inc. lifted its holdings in shares of DRDGOLD by 4,107.5% during the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 5,997 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in DRDGOLD in the second quarter valued at $86,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of DRDGOLD in the first quarter valued at approximately $131,000. Finally, Creekmur Asset Management LLC bought a new position in DRDGOLD in the 4th quarter valued at $216,000. Institutional investors and hedge funds 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.
Featured Stories
- Five stocks we like better than DRDGOLD
- 3 Stocks to Consider Buying in October
- How Much Can You Make in Stocks in One Month?
- What is a Bond Market Holiday? How to Invest and Trade
- This Is the Top Large-Cap Stock Insiders Are Buying
- Canadian Penny Stocks: Can They Make You Rich?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.