DRDGOLD (NYSE:DRD) Stock Crosses Above 200-Day Moving Average of $6.20

DRDGOLD Limited (NYSE:DRDGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.20 and traded as high as $8.50. DRDGOLD shares last traded at $8.39, with a volume of 270,038 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st.

DRDGOLD Trading Up 2.2 %

The company has a 50-day simple moving average of $7.25 and a two-hundred day simple moving average of $6.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.30 and a current ratio of 4.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DRD. Jane Street Group LLC acquired a new position in shares of DRDGOLD during the 3rd quarter worth approximately $863,000. Van ECK Associates Corp increased its position in shares of DRDGOLD by 1.9% during the 2nd quarter. Van ECK Associates Corp now owns 7,302,691 shares of the basic materials company’s stock worth $42,866,000 after purchasing an additional 132,800 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of DRDGOLD during the 3rd quarter worth approximately $485,000. Virtus ETF Advisers LLC increased its holdings in shares of DRDGOLD by 33.3% during the 3rd quarter. Virtus ETF Advisers LLC now owns 237,963 shares of the basic materials company’s stock worth $1,299,000 after acquiring an additional 59,513 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of DRDGOLD by 5.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,082,547 shares of the basic materials company’s stock worth $6,355,000 after acquiring an additional 52,334 shares during the last quarter.

About DRDGOLD

(Get Rating)

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.

See Also

Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.