DRDGOLD (NYSE:DRD) Lowered to Hold at StockNews.com

StockNews.com lowered shares of DRDGOLD (NYSE:DRD) from a buy rating to a hold rating in a research report report published on Wednesday.

Separately, HC Wainwright lifted their price target on shares of DRDGOLD from $13.25 to $15.50 and gave the company a buy rating in a report on Tuesday, May 14th.

DRDGOLD Trading Up 2.5 %

Shares of NYSE DRD opened at $8.61 on Wednesday. The firm’s fifty day moving average is $8.43 and its two-hundred day moving average is $8.03. DRDGOLD has a 52-week low of $6.48 and a 52-week high of $11.98.

Institutional Trading of DRDGOLD

A number of institutional investors and hedge funds have recently bought and sold shares of DRD. Tower Research Capital LLC TRC increased its holdings in shares of DRDGOLD by 317,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock worth $25,000 after buying an additional 3,179 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of DRDGOLD in the 4th quarter worth about $102,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of DRDGOLD in the 1st quarter worth about $131,000. Creekmur Asset Management LLC bought a new stake in shares of DRDGOLD in the 4th quarter worth about $216,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of DRDGOLD by 141.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company’s stock worth $280,000 after buying an additional 20,686 shares during the last quarter. 14.70% of the stock is currently owned by institutional investors.

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.