DRDGOLD (DRD) Upgraded at ValuEngine
DRDGOLD (NYSE:DRD) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
NYSE:DRD traded up $0.10 during mid-day trading on Wednesday, reaching $2.15. 34,700 shares of the stock were exchanged, compared to its average volume of 73,572. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.23 and a current ratio of 1.95. DRDGOLD has a 1 year low of $1.76 and a 1 year high of $3.38.
An institutional investor recently raised its position in DRDGOLD stock. Ruffer LLP increased its position in shares of DRDGOLD Ltd. (NYSE:DRD) by 20.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,006,996 shares of the basic materials company’s stock after buying an additional 510,000 shares during the quarter. DRDGOLD comprises 0.2% of Ruffer LLP’s investment portfolio, making the stock its 26th biggest holding. Ruffer LLP owned about 7.12% of DRDGOLD worth $7,292,000 at the end of the most recent quarter. 19.84% of the stock is owned by hedge funds and other institutional investors.
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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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