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

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

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

DRDGOLD Stock Performance

NYSE DRD opened at $8.53 on Wednesday. DRDGOLD has a one year low of $6.48 and a one year high of $11.98. The company’s 50 day moving average price is $8.43 and its 200 day moving average price is $8.02.

Institutional Trading of DRDGOLD

Several large investors have recently bought and sold shares of DRD. Tower Research Capital LLC TRC grew its position in DRDGOLD by 317,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 3,179 shares in the last quarter. Mutual Advisors LLC acquired a new stake in shares of DRDGOLD during the fourth quarter worth approximately $102,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of DRDGOLD during the first quarter worth approximately $131,000. Creekmur Asset Management LLC acquired a new stake in shares of DRDGOLD during the fourth quarter worth approximately $216,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of DRDGOLD by 141.7% during the fourth 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 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.