DRDGOLD Ltd. (NYSE:DRD) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $13.75 for the company, according to Zacks. Zacks has also assigned DRDGOLD an industry rank of 36 out of 255 based on the ratings given to related companies.
A number of research firms have weighed in on DRD. ValuEngine raised DRDGOLD from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. HC Wainwright reaffirmed a “buy” rating and set a $13.75 target price on shares of DRDGOLD in a report on Tuesday, October 29th.
A number of hedge funds have recently bought and sold shares of DRD. Ruffer LLP grew its holdings in DRDGOLD by 33.7% during the 2nd quarter. Ruffer LLP now owns 4,964,439 shares of the basic materials company’s stock valued at $15,067,000 after buying an additional 1,249,941 shares in the last quarter. SG Americas Securities LLC purchased a new stake in DRDGOLD in the second quarter worth approximately $64,000. Midwest Professional Planners LTD. purchased a new stake in DRDGOLD in the second quarter worth approximately $44,000. HighTower Advisors LLC purchased a new stake in DRDGOLD in the second quarter worth approximately $31,000. Finally, Citadel Advisors LLC boosted its stake in DRDGOLD by 44.2% in the second quarter. Citadel Advisors LLC now owns 14,418 shares of the basic materials company’s stock worth $44,000 after buying an additional 4,418 shares in the last quarter. 16.77% of the stock is owned by institutional investors and hedge funds.
DRDGOLD Company Profile
DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.
Read More: How analysts view the yield curve
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.