DRDGOLD (NYSE:DRD) Trading 5.6% Higher

DRDGOLD Ltd. (NYSE:DRD) traded up 5.6% during trading on Wednesday . The company traded as high as $4.75 and last traded at $4.70, 158,705 shares were traded during trading. An increase of 21% from the average session volume of 131,424 shares. The stock had previously closed at $4.45.

A number of research analysts have commented on the stock. HC Wainwright reissued a “buy” rating and set a $13.75 target price on shares of DRDGOLD in a research report on Tuesday, October 29th. ValuEngine raised shares of DRDGOLD from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st.

The firm has a market cap of $322.84 million, a PE ratio of 58.75 and a beta of -0.37. The business’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $3.67.

A number of hedge funds and other institutional investors have recently bought and sold shares of DRD. SG Americas Securities LLC purchased a new position in DRDGOLD during the 2nd quarter valued at about $64,000. Ruffer LLP boosted its holdings in shares of DRDGOLD by 33.7% in the 2nd quarter. Ruffer LLP now owns 4,964,439 shares of the basic materials company’s stock valued at $15,067,000 after buying an additional 1,249,941 shares in the last quarter. Midwest Professional Planners LTD. bought a new stake in shares of DRDGOLD in the 2nd quarter valued at about $44,000. HighTower Advisors LLC bought a new stake in shares of DRDGOLD in the 2nd quarter valued at about $31,000. Finally, Citadel Advisors LLC boosted its holdings in shares of DRDGOLD by 44.2% in the 2nd quarter. Citadel Advisors LLC now owns 14,418 shares of the basic materials company’s stock valued at $44,000 after buying an additional 4,418 shares in the last quarter. 10.78% of the stock is currently owned by institutional investors and hedge funds.

About DRDGOLD (NYSE:DRD)

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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