The stock of DRDGOLD Ltd. (ADR) (NYSE:DRD) is a huge mover today! About 174,387 shares traded hands. DRDGOLD Ltd. (ADR) (NYSE:DRD) has risen 14.25% since March 7, 2016 and is uptrending. It has outperformed by 6.66% the S&P500.
The move comes after 7 months positive chart setup for the $199.02M company. It was reported on Oct, 10 by Barchart.com. We have $11.23 PT which if reached, will make NYSE:DRD worth $294.55 million more.
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. The firm has “Neutral” rating by JP Morgan given on Monday, September 14. The company was downgraded 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 is negative, 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.
Acadian Asset Management Lc holds 0.03% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 955,943 shares. Us Financial Bank De has invested 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Grp Inc One Trading Lp holds 0% or 21,778 shares in its portfolio. Patten Gru owns 547 shares or 0% of their US portfolio. Walleye Trading Limited Liability Company holds 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 8,500 shares. Deutsche Fincl Bank Ag has 0% invested in the company for 6 shares. Moreover, Argentus Mngmt Ltd Co has 0.03% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 10,964 shares. Sprott last reported 0% of its portfolio in the stock. Moreover, Citigroup has 0% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 6,200 shares. Oxford Asset last reported 0% of its portfolio in the stock. Envestnet Asset Mngmt holds 9,626 shares or 0% of its portfolio. Dimensional Fund Advsrs Lp has 15,866 shares for 0% of their US portfolio. Ruffer Limited Liability Partnership has 731,475 shares for 0.19% of their US portfolio. The New York-based Morgan Stanley has invested 0% in DRDGOLD Ltd. (ADR) (NYSE:DRD). Natl Asset Mgmt Inc has 0.02% invested in the company for 35,397 shares.
More news for DRDGOLD Ltd. (ADR) (NYSE:DRD) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on May 05, 2011. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 25, 2011 is yet another important article.
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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