DRDGOLD (NYSE:DRD) Shares Gap Up to $8.40

Shares of DRDGOLD Limited (NYSE:DRD) gapped up prior to trading on Thursday . The stock had previously closed at $8.40, but opened at $8.62. DRDGOLD shares last traded at $8.75, with a volume of 61,864 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DRD shares. StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a report on Monday, June 17th. HC Wainwright increased their price target on shares of DRDGOLD from $13.25 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, May 14th.

DRDGOLD Price Performance

The business has a 50-day moving average price of $8.42 and a 200 day moving average price of $8.02.

Hedge Funds Weigh In On DRDGOLD

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