ValuEngine Lowers DRDGOLD (DRD) to Sell

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

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

Shares of DRDGOLD stock opened at $1.90 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 0.07. DRDGOLD has a 1-year low of $1.71 and a 1-year high of $2.95.

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in DRDGOLD in the 4th quarter valued at approximately $238,000. Jane Street Group LLC lifted its stake in DRDGOLD by 970.3% in the 4th quarter. Jane Street Group LLC now owns 273,882 shares of the basic materials company’s stock valued at $570,000 after purchasing an additional 248,292 shares during the last quarter. Finally, Ruffer LLP lifted its stake in DRDGOLD by 3.8% in the 4th quarter. Ruffer LLP now owns 3,122,186 shares of the basic materials company’s stock valued at $6,603,000 after purchasing an additional 115,190 shares during the last quarter. 19.33% of the stock is owned by institutional investors and hedge funds.

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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