DRDGOLD (NYSE:DRD) Stock Price Passes Above 200-Day Moving Average of $8.51

Shares of DRDGOLD Limited (NYSE:DRD – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.51 and traded as high as $11.70. DRDGOLD shares last traded at $11.62, with a volume of 343,358 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DRD shares. HC Wainwright dropped their price objective on DRDGOLD from $15.25 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 16th. StockNews.com downgraded DRDGOLD from a “buy” rating to a “hold” rating in a research report on Friday, May 12th.

DRDGOLD Stock Down 2.8 %

The business’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $8.51.

Hedge Funds Weigh In On DRDGOLD

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of DRDGOLD by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 7,159,943 shares of the basic materials company’s stock valued at $52,983,000 after purchasing an additional 74,384 shares during the period. Renaissance Technologies LLC increased its holdings in DRDGOLD by 5.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,082,547 shares of the basic materials company’s stock valued at $6,355,000 after buying an additional 52,334 shares during the period. U S Global Investors Inc. raised its stake in shares of DRDGOLD by 207.3% in the 1st quarter. U S Global Investors Inc. now owns 608,492 shares of the basic materials company’s stock valued at $5,829,000 after buying an additional 410,492 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of DRDGOLD by 3.2% during the 3rd quarter. BlackRock Inc. now owns 537,489 shares of the basic materials company’s stock worth $2,935,000 after acquiring an additional 16,716 shares during the period. Finally, Ruffer LLP increased its stake in DRDGOLD by 19.5% in the first quarter. Ruffer LLP now owns 356,194 shares of the basic materials company’s stock valued at $3,411,000 after acquiring an additional 58,142 shares during the period.

DRDGOLD Company Profile

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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.