DRDGOLD (NYSE:DRD) Share Price Passes Above 200 Day Moving Average of $10.04

Posted by Defense World Staff on Aug 9th, 2023

DRDGOLD Limited (NYSE:DRD – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.04 and traded as high as $10.15. DRDGOLD shares last traded at $10.02, with a volume of 173,326 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th.

Check Out Our Latest Stock Report on DRD

DRDGOLD Trading Down 1.2 %

The business has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $10.05.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in DRDGOLD in the 1st quarter valued at $36,000. Banque Cantonale Vaudoise grew its stake in shares of DRDGOLD by 115.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,983 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 4,275 shares during the period. KCM Investment Advisors LLC bought a new position in shares of DRDGOLD during the 1st quarter worth $100,000. Squarepoint Ops LLC bought a new position in shares of DRDGOLD during the 1st quarter worth $100,000. Finally, Atticus Wealth Management LLC bought a new position in shares of DRDGOLD during the 2nd quarter worth $102,000.

DRDGOLD Company Profile

(Get Free Report)

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa.