HC Wainwright Cuts DRDGOLD (NYSE:DRD) Price Target to $16.25

DRDGOLD (NYSE:DRD) had its target price cut by HC Wainwright from $17.25 to $16.25 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock. HC Wainwright also issued estimates for DRDGOLD’s FY2025 earnings at $1.06 EPS.

DRDGOLD Stock Performance

DRD opened at $11.05 on Wednesday. The business has a 50 day moving average price of $9.70 and a 200 day moving average price of $9.78. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in DRDGOLD in the 4th quarter worth approximately $25,000. GAMMA Investing LLC increased its position in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,122 shares during the period. QRG Capital Management Inc. bought a new position in DRDGOLD in the 4th quarter worth approximately $98,000. Virtu Financial LLC bought a new position in DRDGOLD in the 3rd quarter worth approximately $119,000. Finally, Squarepoint Ops LLC bought a new position in DRDGOLD in the 4th quarter worth approximately $110,000. 14.70% of the stock is owned by institutional investors.

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.