ValuEngine lowered shares of DRDGOLD (NYSE:DRD) from a hold rating to a sell rating in a research report released on Friday, ValuEngine reports.

Separately, Macquarie assumed coverage on shares of DRDGOLD in a research report on Friday, March 8th. They set an outperform rating and a $2.10 price objective for the company.

DRD opened at $1.90 on Friday. DRDGOLD has a twelve month low of $1.71 and a twelve month high of $2.95. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.

A number of large investors have recently bought and sold shares of DRD. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the fourth quarter worth $238,000. Jane Street Group LLC grew its holdings in DRDGOLD by 970.3% in the fourth quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock worth $570,000 after purchasing an additional 248,292 shares during the period. Finally, Ruffer LLP grew its holdings in DRDGOLD by 3.8% in the fourth quarter. Ruffer LLP now owns 3,122,186 shares of the basic materials company’s stock worth $6,603,000 after purchasing an additional 115,190 shares during the period. Institutional investors and hedge funds own 19.33% of the company’s stock.

DRDGOLD Company Profile

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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