Today’s Stock On Watch: Time to Buy DRDGOLD Ltd. (ADR) After Today’s Big Decline?

Today's Stock On Watch: Time to Buy DRDGOLD Ltd. (ADR) After Today's Big Decline?

The stock of DRDGOLD Ltd. (ADR) (NYSE:DRD) is a huge mover today! The stock decreased 2.37% or $0.12 on September 30, hitting $4.95. About 393,733 shares traded hands. DRDGOLD Ltd. (ADR) (NYSE:DRD) has risen 47.76% since February 29, 2016 and is uptrending. It has outperformed by 37.34% the S&P500.
The move comes after 6 months negative chart setup for the $210.43M company. It was reported on Oct, 1 by Barchart.com. We have $4.46 PT which if reached, will make NYSE:DRD worth $21.04 million less.

DRDGOLD Ltd. (ADR) (NYSE:DRD) Ratings Coverage

Out of 2 analysts covering DRDGOLD (NYSE:DRD), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. DRDGOLD has been the topic of 2 analyst reports since September 14, 2015 according to StockzIntelligence Inc. On Monday, September 14 the stock rating was downgraded by JP Morgan to “Neutral”. The firm has “Hold” rating given on Tuesday, August 30 by HSBC.

According to Zacks Investment Research, “DRDGOLD is a medium-sized, unhedged gold producer with investments in South Africa and Australasia. Incontrovertibly bullish about its product, the company has recently concluded extensive refocusing of its gold interests.”

Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 1.25, from 2.71 in 2016Q1. The ratio fall, as 7 funds sold all DRDGOLD Ltd. (ADR) shares owned while 6 reduced positions. 9 funds bought stakes while 10 increased positions. They now own 4.28 million shares or 46.12% more from 2.93 million shares in 2016Q1.
The Pennsylvania-based Susquehanna Intl Gp Llp has invested 0% in DRDGOLD Ltd. (ADR) (NYSE:DRD). State Of Wisconsin Board has invested 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Moreover, Goldman Sachs Grp Incorporated has 0% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 15,126 shares. Moreover, Deutsche National Bank Ag has 0% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 6 shares. Ruffer Limited Liability Partnership holds 0.19% or 731,475 shares in its portfolio. Sprott Inc owns 10,200 shares or 0% of their US portfolio. Bogle Management Lp De reported 309,172 shares or 0.13% of all its holdings. Natl Asset Mgmt Inc holds 0.02% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 35,397 shares. Wells Fargo Mn has 0% invested in the company for 2,131 shares. Us State Bank De owns 200 shares or 0% of their US portfolio. Walleye Trading Limited Com holds 8,500 shares or 0% of its portfolio. Geode Capital Mgmt Limited Liability has invested 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Moreover, Acadian Asset Management has 0.03% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 955,943 shares. One Trading L P holds 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 21,778 shares. Dimensional Fund Advisors Ltd Partnership has 0% invested in the company for 15,866 shares.

More recent DRDGOLD Ltd. (ADR) (NYSE:DRD) news were published by: Marketwatch.com which released: “Quotes are delayed by 20 min” on May 05, 2011. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 25, 2011. Benzinga.com‘s news article titled: “Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD” with publication date: July 12, 2016 was also an interesting one.

DRD Company Profile

DRDGOLD Limited, incorporated on February 16, 2015, is a surface gold tailings retreatment company. The Firm operates in the central Witwatersrand (Wits) basin in Gauteng province and recovers gold from tailings. Ergo Mining Proprietary Limited (Ergo) is the Company’s operating entity. Ergo is a surface retreatment operator. Ergo’s assets cover an area approximately 62 kilometers from east to west and around 25 kilometers from north to south. The Firm operates approximately two metallurgical plants, two milling and pump stations, a network of pipelines and the Brakpan tailings facility (BTF).

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