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

DRDGOLD (NYSE:DRD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a report on Wednesday, February 19th.

DRDGOLD Stock Up 4.6 %

NYSE DRD opened at $13.27 on Thursday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 10.53 and a beta of 1.09. DRDGOLD has a 52 week low of $7.53 and a 52 week high of $13.51. The business has a 50 day moving average price of $10.22 and a 200-day moving average price of $9.93.

Institutional Investors Weigh In On DRDGOLD

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in DRDGOLD by 53.0% in the 4th 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 during the last quarter. Ameriprise Financial Inc. raised its position in DRDGOLD by 10.0% in the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock valued at $136,000 after buying an additional 1,438 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in DRDGOLD in the 4th quarter valued at $25,000. Bank of America Corp DE raised its position in DRDGOLD by 47.2% in the 4th quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company’s stock valued at $144,000 after buying an additional 5,364 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in DRDGOLD by 9.2% in the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock valued at $878,000 after buying an additional 8,558 shares during the last quarter. 14.70% of the stock is owned by hedge funds and other institutional investors.

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.