DRDGOLD (NYSE:DRD) Share Price Crosses Above Fifty Day Moving Average of $2.15

DRDGOLD Ltd. (NYSE:DRD) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.15 and traded as high as $3.02. DRDGOLD shares last traded at $3.02, with a volume of 100 shares trading hands.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of DRDGOLD from a “sell” rating to a “hold” rating in a research report on Monday, June 3rd. Macquarie assumed coverage on shares of DRDGOLD in a research report on Friday, March 8th. They issued an “outperform” rating and a $2.10 price target for the company.

The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $2.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. Squarepoint Ops LLC acquired a new stake in shares of DRDGOLD in the fourth quarter valued at approximately $238,000. Jane Street Group LLC raised its position in shares of DRDGOLD by 970.3% in the fourth quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock valued at $570,000 after buying an additional 248,292 shares in the last quarter. Finally, Ruffer LLP raised its position in shares of DRDGOLD by 19.0% in the first quarter. Ruffer LLP now owns 3,714,498 shares of the basic materials company’s stock valued at $7,429,000 after buying an additional 592,312 shares in the last quarter. Institutional investors own 16.05% of the company’s stock.

DRDGOLD Company Profile (NYSE:DRD)

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.

Featured Story: Real Estate Investment Trust (REIT) ETF

Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.