DRDGOLD (NYSE:DRD) Stock Price Down 4.9% – Should You Sell?

DRDGOLD Limited (NYSE:DRD) traded down 4.9% during mid-day trading on Tuesday . The stock traded as low as $13.11 and last traded at $13.40. 253,734 shares changed hands during trading, a decline of 29% from the average session volume of 356,242 shares. The stock had previously closed at $14.10.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st.

DRDGOLD Trading Down 3.9%

The company has a market cap of $1.17 billion, a PE ratio of 10.76 and a beta of 0.37. The stock has a 50 day moving average price of $14.95 and a 200 day moving average price of $12.61.

Institutional Investors Weigh In On DRDGOLD

A number of hedge funds and other institutional investors have recently bought and sold shares of DRD. American Century Companies Inc. increased its holdings in shares of DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company’s stock valued at $7,690,000 after acquiring an additional 375,705 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in DRDGOLD during the 4th quarter valued at about $1,449,000. U S Global Investors Inc. bought a new stake in DRDGOLD during the 1st quarter valued at about $2,150,000. Acadian Asset Management LLC purchased a new position in DRDGOLD in the first quarter worth about $2,055,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in DRDGOLD in the fourth quarter worth about $1,045,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.