DRDGOLD (NYSE:DRD) Raised to Buy at ValuEngine

ValuEngine upgraded shares of DRDGOLD (NYSE:DRD) from a hold rating to a buy rating in a research note published on Thursday, ValuEngine reports.

NYSE DRD opened at $3.13 on Thursday. The stock’s fifty day moving average is $2.66. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. DRDGOLD has a fifty-two week low of $1.64 and a fifty-two week high of $3.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in DRDGOLD during the fourth quarter worth $238,000. Jane Street Group LLC boosted its stake in DRDGOLD by 970.3% during the fourth quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock worth $570,000 after buying an additional 248,292 shares during the last quarter. Finally, Ruffer LLP boosted its stake in DRDGOLD by 19.0% during the first quarter. Ruffer LLP now owns 3,714,498 shares of the basic materials company’s stock worth $7,429,000 after buying an additional 592,312 shares during the last quarter. 16.05% of the stock is currently owned by institutional investors.

About DRDGOLD

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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