DRDGOLD (NYSE:DRD) Price Target Raised to $17.25 at HC Wainwright

DRDGOLD (NYSE:DRD) had its target price boosted by HC Wainwright from $13.25 to $17.25 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Separately, StockNews.com downgraded DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Trading Up 6.7 %

DRD opened at $10.22 on Wednesday. DRDGOLD has a 52-week low of $6.48 and a 52-week high of $12.70. The company has a 50 day moving average of $9.27 and a two-hundred day moving average of $9.65.

Hedge Funds Weigh In On DRDGOLD

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 1,122 shares during the period. U S Global Investors Inc. acquired a new stake in DRDGOLD during the 3rd quarter valued at $2,388,000. Van ECK Associates Corp increased its stake in DRDGOLD by 24.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock worth $63,831,000 after buying an additional 1,291,541 shares during the period. Dimensional Fund Advisors LP lifted its holdings in DRDGOLD by 270.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock worth $683,000 after buying an additional 57,875 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in DRDGOLD by 488.4% in the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock valued at $348,000 after buying an additional 30,001 shares during the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.