DRDGOLD (NYSE:DRD) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a report issued on Wednesday.

Separately, HC Wainwright increased their price target on shares of DRDGOLD from $13.25 to $15.50 and gave the stock a buy rating in a research note on Tuesday, May 14th.

DRDGOLD Stock Up 0.7 %

Shares of DRD traded up $0.06 during mid-day trading on Wednesday, hitting $9.16. 114,576 shares of the company’s stock were exchanged, compared to its average volume of 307,070. The firm has a fifty day moving average of $9.08 and a two-hundred day moving average of $8.39. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $10.82. The stock has a market cap of $791.96 million, a price-to-earnings ratio of 8.81 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in DRDGOLD by 317,900.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after buying an additional 3,179 shares during the last quarter. Blue Trust Inc. grew its stake in DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after buying an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in DRDGOLD in the 2nd quarter valued at $86,000. Hennion & Walsh Asset Management Inc. acquired a new position in DRDGOLD in the 1st quarter valued at $131,000. Finally, Creekmur Asset Management LLC bought a new stake in DRDGOLD in the 4th quarter valued at $216,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

About DRDGOLD

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.