DRDGOLD (NYSE:DRD) Shares Cross Above 200-Day Moving Average – Here’s What Happened

DRDGOLD Limited (NYSE:DRD) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.72 and traded as high as $11.49. DRDGOLD shares last traded at $11.38, with a volume of 243,015 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price target on shares of DRDGOLD from $13.25 to $17.25 and gave the company a “buy” rating in a report on Wednesday, January 22nd.

DRDGOLD Price Performance

The company’s fifty day moving average price is $9.50 and its 200 day moving average price is $9.72.

Institutional Trading of DRDGOLD

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted 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 valued at $28,000 after purchasing an additional 1,122 shares during the last quarter. U S Global Investors Inc. bought a new stake in DRDGOLD in the 3rd quarter valued at about $2,388,000. Van ECK Associates Corp lifted its position in DRDGOLD by 24.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock valued at $63,831,000 after purchasing an additional 1,291,541 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DRDGOLD by 270.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock valued at $683,000 after purchasing an additional 57,875 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in DRDGOLD by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock valued at $899,000 after purchasing an additional 9,765 shares during the last quarter. 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.