DRDGOLD (NYSE:DRD) Sees Strong Trading Volume

DRDGOLD Limited (NYSE:DRD) saw strong trading volume on Monday . 221,472 shares were traded during trading, a decline of 28% from the previous session’s volume of 308,868 shares.The stock last traded at $9.00 and had previously closed at $9.79.

Analyst Ratings Changes

Several research analysts have recently weighed in on DRD shares. HC Wainwright upped their target price on DRDGOLD from $13.25 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th.

DRDGOLD Stock Down 1.5 %

The company has a fifty day moving average of $9.05 and a 200-day moving average of $8.36.

Institutional Investors Weigh In On DRDGOLD

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Tower Research Capital LLC TRC lifted its stake in shares of DRDGOLD by 317,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock worth $25,000 after buying an additional 3,179 shares in the last quarter. Blue Trust Inc. increased its position in DRDGOLD by 4,107.5% during the second quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 5,997 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in DRDGOLD during the first quarter worth about $131,000. Creekmur Asset Management LLC acquired a new position in DRDGOLD in the 4th quarter valued at about $216,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of DRDGOLD by 141.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company’s stock valued at $280,000 after buying an additional 20,686 shares during the period. Institutional investors and hedge funds own 14.70% of the company’s stock.

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.