DRDGOLD (NYSE:DRD) Stock Price Up 3.4%

DRDGOLD Limited (NYSE:DRDGet Rating)’s stock price was up 3.4% during mid-day trading on Thursday . The stock traded as high as $6.61 and last traded at $6.60. Approximately 3,486 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 222,453 shares. The stock had previously closed at $6.38.

DRD has been the subject of a number of research analyst reports. HC Wainwright raised their price target on DRDGOLD from $18.00 to $18.25 and gave the company a “buy” rating in a research report on Wednesday, March 30th. StockNews.com downgraded DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, May 12th.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.34 and a current ratio of 5.09. The stock has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $8.36.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in shares of DRDGOLD by 13.8% in the first quarter. Van ECK Associates Corp now owns 7,169,891 shares of the basic materials company’s stock worth $67,182,000 after acquiring an additional 867,963 shares during the last quarter. Virtus ETF Advisers LLC raised its holdings in DRDGOLD by 50.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 224,415 shares of the basic materials company’s stock worth $1,903,000 after purchasing an additional 75,502 shares during the last quarter. Millennium Management LLC grew its position in shares of DRDGOLD by 303.9% during the 4th quarter. Millennium Management LLC now owns 99,438 shares of the basic materials company’s stock worth $843,000 after buying an additional 74,821 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of DRDGOLD during the 4th quarter worth about $490,000. Finally, Marshall Wace LLP grew its position in shares of DRDGOLD by 71.8% in the 4th quarter. Marshall Wace LLP now owns 99,821 shares of the basic materials company’s stock valued at $848,000 after purchasing an additional 41,704 shares during the period. 11.29% of the stock is currently owned by hedge funds and other institutional investors.

About DRDGOLD (NYSE:DRD)

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.

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