DRDGOLD (NYSE:DRD) Sees Strong Trading Volume – Here’s What Happened

Shares of DRDGOLD Limited (NYSE:DRD) saw an uptick in trading volume on Friday . 112,937 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 172,094 shares.The stock last traded at $9.47 and had previously closed at $9.07.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. HC Wainwright reissued a “buy” rating and issued a $13.25 price objective on shares of DRDGOLD in a report on Friday, October 18th.

DRDGOLD Trading Up 2.2 %

The business’s 50 day moving average is $9.47 and its two-hundred day moving average is $9.61.

Institutional Trading of DRDGOLD

A number of institutional investors have recently made changes to their positions in DRD. GAMMA Investing LLC increased 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 acquiring an additional 1,122 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,840 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of DRDGOLD in the second quarter valued at $86,000. Virtu Financial LLC acquired a new stake in shares of DRDGOLD in the third quarter valued at $119,000. Finally, Blue Trust Inc. boosted its stake in DRDGOLD by 488.4% during the third 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 in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

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.