The stock of DRDGOLD Ltd. (ADR) (NYSE:DRD) is a huge mover today! About 71,184 shares traded hands. DRDGOLD Ltd. (ADR) (NYSE:DRD) has declined 7.13% since April 22, 2016 and is downtrending. It has underperformed by 12.54% the S&P500.
The move comes after 5 months positive chart setup for the $173.51M company. It was reported on Nov, 25 by Barchart.com. We have $4.52 PT which if reached, will make NYSE:DRD worth $10.41 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. On Tuesday, August 30 the stock rating was downgraded by HSBC to “Hold”. The rating was downgraded by JP Morgan on Monday, September 14 to “Neutral”.
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 increased to 1.5 in 2016 Q2. Its up 0.04, from 1.46 in 2016Q1. The ratio is positive, 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.
State Of Wisconsin Inv Board last reported 50,758 shares in the company. Envestnet Asset Management last reported 0% of its portfolio in the stock. Fincl Bank Of America Corp De accumulated 0% or 550 shares. Nationwide Fund Advsrs has 0% invested in the company for 191,000 shares. Navellier And Associate Incorporated has invested 0.08% of its portfolio in DRDGOLD Ltd. (ADR) (NYSE:DRD). Deutsche Bank Ag has 0% invested in the company for 6 shares. Wells Fargo Mn accumulated 2,131 shares or 0% of the stock. Argentus Cap Mgmt Limited Liability has 10,964 shares for 0.03% of their US portfolio. Us Savings Bank De last reported 200 shares in the company. The Minnesota-based Walleye Trading Ltd Liability Corporation has invested 0% in DRDGOLD Ltd. (ADR) (NYSE:DRD). Allianz Asset Management Ag reported 75,466 shares or 0% of all its holdings. Renaissance Techs Ltd Company has 1.40 million shares for 0.02% of their US portfolio. Morgan Stanley has 81,886 shares for 0% of their US portfolio. Citigroup Inc accumulated 6,200 shares or 0% of the stock. The United Kingdom-based Ruffer Llp has invested 0.19% in DRDGOLD Ltd. (ADR) (NYSE:DRD).
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, 1895, is a gold mining company. The Firm is engaged in gold production by tailings retreatment. The Firm is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Firm owns 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO). Ergo Mining Proprietary Limited (Ergo) is owned by EMO. Ergo has a vast footprint adjacent to Johannesburg on the central and eastern Witwatersrand of South Africa. The Company’s assets cover an area approximately 62 kilometers from east to west and over 25 kilometers from north to south. The Ergo operation has over two metallurgical plants in operation, including Knights plant and The Ergo plant.
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