DRDGOLD (NYSE:DRD – Get Free Report)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a note issued to investors on Friday, Marketbeat.com reports. They currently have a $13.25 price objective on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 10.14% from the stock’s current price.
Separately, StockNews.com cut DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.
View Our Latest Research Report on DRDGOLD
DRDGOLD Stock Up 5.3 %
Institutional Trading of DRDGOLD
A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,840 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,997 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of DRDGOLD in the 2nd quarter valued at about $86,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of DRDGOLD in the 1st quarter valued at about $131,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DRDGOLD by 270.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock valued at $683,000 after acquiring an additional 57,875 shares in the last quarter. Institutional investors 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.
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