DRDGOLD (NYSE:DRD) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of DRDGOLD (NYSE:DRD – Get Rating) in a research note issued on Thursday. The firm set a “buy” rating on the basic materials company’s stock.

Separately, HC Wainwright dropped their price target on DRDGOLD from $15.25 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 16th.

DRDGOLD Trading Down 0.8 %

NYSE:DRD opened at $7.39 on Thursday. DRDGOLD has a 1 year low of $4.66 and a 1 year high of $10.50. The stock has a fifty day moving average price of $7.82 and a two-hundred day moving average price of $6.64. The company has a current ratio of 4.92, a quick ratio of 4.30 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in shares of DRDGOLD by 53.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 14,916 shares of the basic materials company’s stock valued at $111,000 after buying an additional 5,215 shares in the last quarter. Sargent Bickham Lagudis LLC purchased a new stake in DRDGOLD during the 3rd quarter worth about $34,000. Creative Planning increased its position in DRDGOLD by 68.0% during the 4th quarter. Creative Planning now owns 18,043 shares of the basic materials company’s stock worth $134,000 after purchasing an additional 7,301 shares in the last quarter. UBS Group AG increased its position in DRDGOLD by 50.6% during the 4th quarter. UBS Group AG now owns 24,914 shares of the basic materials company’s stock worth $184,000 after purchasing an additional 8,371 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in DRDGOLD by 37.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 39,775 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 10,779 shares in the last quarter.

About DRDGOLD

(Get Rating)

DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields.