DRDGOLD Limited (NYSE:DRD – Get Free Report) shares shot up 5.2% on Wednesday . The stock traded as high as $10.20 and last traded at $10.16. 55,809 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 304,133 shares. The stock had previously closed at $9.66.
Analyst Upgrades and Downgrades
Several equities analysts have commented on DRD shares. StockNews.com downgraded DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. HC Wainwright reiterated a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a report on Friday, October 18th.
Read Our Latest Report on DRDGOLD
DRDGOLD Price Performance
Institutional Trading of DRDGOLD
Large investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in DRDGOLD during the 3rd quarter valued at about $119,000. Public Employees Retirement System of Ohio bought a new position in shares of DRDGOLD in the third quarter valued at approximately $431,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of DRDGOLD by 12.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company’s stock worth $4,196,000 after acquiring an additional 48,442 shares in the last quarter. Van ECK Associates Corp grew its position in DRDGOLD by 24.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock worth $63,831,000 after acquiring an additional 1,291,541 shares during the last quarter. Finally, U S Global Investors Inc. acquired a new stake in DRDGOLD during the 3rd quarter valued at $2,388,000. 14.70% of the stock is currently 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.
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