DRDGOLD (NYSE:DRD) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of DRDGOLD (NYSE:DRD – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the basic materials company’s stock.

Separately, HC Wainwright reduced their price target on DRDGOLD from $15.25 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 16th.

DRDGOLD Trading Down 0.8 %

Shares of DRD stock opened at $7.39 on Thursday. The company has a current ratio of 4.92, a quick ratio of 4.30 and a debt-to-equity ratio of 0.01. DRDGOLD has a 1 year low of $4.66 and a 1 year high of $10.50. The stock has a fifty day moving average of $7.82 and a two-hundred day moving average of $6.64.

Institutional Trading of DRDGOLD

Institutional investors have recently modified their holdings of the company. Sargent Bickham Lagudis LLC acquired a new stake in shares of DRDGOLD in the third quarter valued at $34,000. Creative Planning acquired a new stake in shares of DRDGOLD in the third quarter valued at $59,000. Trexquant Investment LP lifted its holdings in shares of DRDGOLD by 80.5% in the second quarter. Trexquant Investment LP now owns 50,314 shares of the basic materials company’s stock valued at $295,000 after buying an additional 22,441 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of DRDGOLD by 53.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 14,916 shares of the basic materials company’s stock valued at $111,000 after buying an additional 5,215 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of DRDGOLD in the fourth quarter valued at $524,000.

DRDGOLD Company Profile

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DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields.