DRDGOLD (NYSE:DRD) Stock Rating Lowered by Zacks Research

DRDGOLD (NYSE:DRD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

DRD has been the subject of several other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of DRDGOLD in a research report on Wednesday, October 8th. Wall Street Zen lowered DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 17th. Finally, HC Wainwright boosted their target price on DRDGOLD to $36.25 and gave the company a “buy” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.25.

DRDGOLD Trading Down 11.2%

DRD opened at $25.87 on Monday. The firm has a market cap of $2.24 billion, a P/E ratio of 20.53 and a beta of 0.36. DRDGOLD has a 12 month low of $8.38 and a 12 month high of $31.91. The stock has a 50-day moving average of $23.43 and a 200 day moving average of $17.65.

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently modified their holdings of DRD. Banque Cantonale Vaudoise bought a new stake in shares of DRDGOLD during the first quarter valued at approximately $39,000. Farther Finance Advisors LLC raised its stake in shares of DRDGOLD by 88.2% during the third quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 792 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of DRDGOLD by 769.7% during the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 3,633 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of DRDGOLD by 52.9% during the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 1,713 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of DRDGOLD by 11.5% during the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 713 shares in the last quarter. 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.