The stock of DRDGOLD Ltd. (ADR) (NYSE:DRD) is a huge mover today! About 254,491 shares traded hands. DRDGOLD Ltd. (ADR) (NYSE:DRD) has risen 25.00% since March 15, 2016 and is uptrending. It has outperformed by 19.52% the S&P500.
The move comes after 9 months positive chart setup for the $210.29M company. It was reported on Oct, 18 by Barchart.com. We have $9.79 PT which if reached, will make NYSE:DRD worth $218.70 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 earned “Neutral” rating on Monday, September 14 by JP Morgan. HSBC downgraded the stock to “Hold” rating in Tuesday, August 30 report.
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.
National Asset last reported 35,397 shares in the company. Walleye Trading last reported 8,500 shares in the company. Deutsche Retail Bank Ag owns 6 shares or 0% of their US portfolio. Citigroup Incorporated owns 6,200 shares or 0% of their US portfolio. Ladenburg Thalmann Fin has 0% invested in the company for 1,100 shares. Argentus Cap Ltd Limited Liability Company accumulated 10,964 shares or 0.03% of the stock. Us Bancorp De has invested 0% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Bogle Inv Management Lp De holds 0.13% or 309,172 shares in its portfolio. Retail Bank Of America De last reported 550 shares in the company. Moreover, Bb&T has 0.01% invested in DRDGOLD Ltd. (ADR) (NYSE:DRD) for 110,000 shares. Group One Trading Lp, a Illinois-based fund reported 21,778 shares. Dimensional Fund Limited Partnership accumulated 15,866 shares or 0% of the stock. Goldman Sachs Grp Inc has 0% invested in the company for 15,126 shares. Patten Group holds 547 shares or 0% of its portfolio. Morgan Stanley last reported 81,886 shares in the company.
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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