DRDGOLD (NYSE:DRD) Upgraded to Strong-Buy at Wall Street Zen

DRDGOLD (NYSE:DRD) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

DRDGOLD Stock Performance

NYSE:DRD opened at $15.26 on Friday. DRDGOLD has a 52 week low of $7.64 and a 52 week high of $17.60. The stock’s fifty day moving average is $14.17 and its two-hundred day moving average is $13.72.

Institutional Investors Weigh In On DRDGOLD

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Aquatic Capital Management LLC purchased a new stake in DRDGOLD in the fourth quarter valued at $25,000. Banque Cantonale Vaudoise purchased a new stake in DRDGOLD in the first quarter valued at $39,000. Brooklyn Investment Group raised its position in DRDGOLD by 769.7% in the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company’s stock valued at $64,000 after purchasing an additional 3,633 shares during the period. GAMMA Investing LLC raised its holdings in shares of DRDGOLD by 52.9% in the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company’s stock valued at $77,000 after buying an additional 1,713 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of DRDGOLD in the 4th quarter valued at $110,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.