DRDGOLD (NYSE:DRD) Stock Rating Lowered by ValuEngine

DRDGOLD (NYSE:DRD) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Tuesday, October 15th, ValuEngine reports.

Separately, HC Wainwright began coverage on DRDGOLD in a report on Thursday, September 5th. They issued a “buy” rating and a $13.75 price target on the stock.

Shares of NYSE:DRD traded down $0.18 during midday trading on Tuesday, reaching $4.34. The company’s stock had a trading volume of 149,585 shares, compared to its average volume of 135,572. DRDGOLD has a fifty-two week low of $1.64 and a fifty-two week high of $5.20. The company has a market capitalization of $196.68 million, a P/E ratio of 54.25 and a beta of -0.36. The business’s fifty day simple moving average is $4.68 and its 200-day simple moving average is $3.37.

Institutional investors have recently bought and sold shares of the stock. Ruffer LLP lifted its holdings in shares of DRDGOLD by 33.7% during the 2nd quarter. Ruffer LLP now owns 4,964,439 shares of the basic materials company’s stock valued at $15,067,000 after purchasing an additional 1,249,941 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of DRDGOLD during the 2nd quarter valued at $64,000. Midwest Professional Planners LTD. bought a new stake in shares of DRDGOLD during the 2nd quarter valued at $44,000. HighTower Advisors LLC bought a new stake in shares of DRDGOLD during the 2nd quarter valued at $31,000. Finally, Citadel Advisors LLC lifted its position in shares of DRDGOLD by 44.2% during the 2nd quarter. Citadel Advisors LLC now owns 14,418 shares of the basic materials company’s stock valued at $44,000 after acquiring an additional 4,418 shares during the period. Institutional investors and hedge funds own 16.81% of the company’s stock.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.

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