DRDGOLD (NYSE:DRD) Trading Up 2.6% – Still a Buy?

DRDGOLD Limited (NYSE:DRD)’s stock price traded up 2.6% during mid-day trading on Wednesday . The stock traded as high as $8.94 and last traded at $8.94. 57,575 shares traded hands during trading, a decline of 62% from the average session volume of 151,678 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DRD shares. HC Wainwright reiterated a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a research note on Friday, October 18th. StockNews.com cut DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Trading Up 2.5 %

The stock has a market cap of $772.08 million, a P/E ratio of 8.42 and a beta of 1.05. The company’s fifty day simple moving average is $9.65 and its 200-day simple moving average is $9.61.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,122 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in DRDGOLD by 68.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 1,840 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of DRDGOLD in the second quarter valued at about $86,000. Virtu Financial LLC bought a new stake in DRDGOLD during the 3rd quarter worth about $119,000. Finally, Blue Trust Inc. lifted its position in shares of DRDGOLD by 488.4% during the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after purchasing an additional 30,001 shares in the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.