DRDGOLD (NYSE:DRD) Sets New 1-Year Low at $6.07

DRDGOLD Limited (NYSE:DRD – Get Rating)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $6.07 and last traded at $6.07, with a volume of 3854 shares traded. The stock had previously closed at $6.43.

Several research analysts have recently issued reports on DRD shares. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. HC Wainwright lifted their target price on shares of DRDGOLD from $18.00 to $18.25 and gave the company a “buy” rating in a research report on Wednesday, March 30th.

The company has a current ratio of 5.09, a quick ratio of 4.34 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $7.25 and its two-hundred day moving average price is $8.28.

Large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV acquired a new position in DRDGOLD in the first quarter valued at about $101,000. Legacy Wealth Asset Management LLC acquired a new position in DRDGOLD in the first quarter valued at about $121,000. Banque Cantonale Vaudoise boosted its position in DRDGOLD by 317.3% in the first quarter. Banque Cantonale Vaudoise now owns 13,732 shares of the basic materials company’s stock valued at $128,000 after buying an additional 10,441 shares in the last quarter. Capricorn Fund Managers Ltd acquired a new position in DRDGOLD in the first quarter valued at about $132,000. Finally, FNY Investment Advisers LLC acquired a new position in DRDGOLD in the first quarter valued at about $140,000. Hedge funds and other institutional investors own 11.29% of the company’s stock.

DRDGOLD Company Profile (NYSE:DRD)

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.

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