DRDGOLD (NYSE:DRD) Trading 6.3% Higher – Should You Buy?

by · The Cerbat Gem

DRDGOLD Limited (NYSE:DRD – Get Free Report)’s stock price shot up 6.3% during trading on Tuesday . The stock traded as high as $9.43 and last traded at $9.43. 118,765 shares traded hands during trading, a decline of 40% from the average session volume of 198,014 shares. The stock had previously closed at $8.87.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. HC Wainwright reissued a “buy” rating and set a $13.25 target price on shares of DRDGOLD in a research note on Friday, October 18th.

View Our Latest Analysis on DRD

DRDGOLD Stock Performance

The business’s 50 day moving average price is $9.42 and its two-hundred day moving average price is $9.62.

Institutional Trading of DRDGOLD

A number of hedge funds have recently modified their holdings of 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 worth $28,000 after purchasing an additional 1,122 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 buying an additional 1,840 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in DRDGOLD during the second quarter valued at approximately $86,000. Virtu Financial LLC bought a new position in DRDGOLD in the third quarter worth approximately $119,000. Finally, Blue Trust Inc. boosted its stake in shares of DRDGOLD by 488.4% during the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 30,001 shares during the last quarter. Institutional investors own 14.70% of the company’s stock.

DRDGOLD Company Profile

(Get Free Report)

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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