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

DRDGOLD (NYSE:DRD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

DRDGOLD Stock Performance

DRDGOLD stock opened at $8.51 on Tuesday. DRDGOLD has a 12-month low of $6.48 and a 12-month high of $13.85. The company has a 50-day moving average price of $7.80 and a 200 day moving average price of $8.13.

Institutional Investors Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP acquired a new stake in DRDGOLD during the third quarter worth about $320,000. Mutual Advisors LLC purchased a new position in DRDGOLD during the fourth quarter worth about $102,000. SG Americas Securities LLC boosted its stake in DRDGOLD by 36.4% during the third quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company’s stock worth $197,000 after buying an additional 6,341 shares during the period. Jump Financial LLC purchased a new position in DRDGOLD during the third quarter worth about $247,000. Finally, Acadian Asset Management LLC boosted its stake in DRDGOLD by 6.8% during the third quarter. Acadian Asset Management LLC now owns 1,467,309 shares of the basic materials company’s stock worth $12,161,000 after buying an additional 93,250 shares during the period. 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.