DRDGOLD (NYSE:DRD) Upgraded to “Buy” by StockNews.com

DRDGOLD (NYSE:DRD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Separately, HC Wainwright increased their target price on DRDGOLD from $13.25 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, May 14th.

DRDGOLD Stock Performance

Shares of DRDGOLD stock traded down $0.08 on Monday, hitting $8.03. 375,421 shares of the company’s stock traded hands, compared to its average volume of 319,114. DRDGOLD has a one year low of $6.48 and a one year high of $12.08. The firm’s 50-day moving average price is $8.44 and its two-hundred day moving average price is $8.03.

Institutional Trading of DRDGOLD

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in DRDGOLD by 317,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the basic materials company’s stock valued at $25,000 after buying an additional 3,179 shares in the last quarter. National Bank of Canada FI boosted its stake in DRDGOLD by 6.8% in the 4th quarter. National Bank of Canada FI now owns 176,194 shares of the basic materials company’s stock worth $1,388,000 after purchasing an additional 11,294 shares during the period. Mutual Advisors LLC bought a new position in DRDGOLD during the 4th quarter worth about $102,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of DRDGOLD in the 1st quarter valued at about $131,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of DRDGOLD by 141.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 20,686 shares during the period. Institutional investors own 14.70% of the company’s stock.

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.