DRDGOLD (DRD) Stock Rating Lowered by ValuEngine
DRDGOLD (NYSE:DRD) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.
DRD stock traded down $0.08 during trading on Tuesday, reaching $2.05. The company’s stock had a trading volume of 150,700 shares, compared to its average volume of 66,940. DRDGOLD has a 1 year low of $1.91 and a 1 year high of $4.11. The company has a current ratio of 2.14, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.
An institutional investor recently raised its position in DRDGOLD stock. Van ECK Associates Corp boosted its holdings in DRDGOLD Ltd. (NYSE:DRD) by 3.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,129,564 shares of the basic materials company’s stock after buying an additional 97,947 shares during the period. Van ECK Associates Corp owned 7.41% of DRDGOLD worth $8,544,000 as of its most recent SEC filing. 17.96% of the stock is currently owned by hedge funds and other institutional investors.
DRDGOLD Limited engages in the retreatment, production, and sale of gold from surface tailings in South Africa. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province. The company was founded in 1895 and is headquartered in Johannesburg, South Africa.
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