HC Wainwright Raises DRDGOLD (NYSE:DRD) Price Target to $17.00

DRDGOLD (NYSE:DRD – Free Report) had its price target increased by HC Wainwright from $15.00 to $17.00 in a report issued on Friday, MarketBeat Ratings reports. HC Wainwright currently has a buy rating on the basic materials company’s stock.

Separately, StockNews.com initiated coverage on DRDGOLD in a research note on Thursday. They issued a hold rating on the stock.

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DRDGOLD Stock Performance

Shares of DRD opened at $9.30 on Friday. DRDGOLD has a fifty-two week low of $4.66 and a fifty-two week high of $13.85. The firm’s 50-day simple moving average is $10.80 and its two-hundred day simple moving average is $10.12.

Hedge Funds Weigh In On DRDGOLD

A number of hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in DRDGOLD during the 2nd quarter valued at about $149,000. Goldman Sachs Group Inc. raised its holdings in DRDGOLD by 53.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 33,350 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 11,666 shares during the last quarter. Stifel Financial Corp bought a new position in DRDGOLD in the 2nd quarter valued at approximately $383,000. Tower Research Capital LLC TRC boosted its stake in DRDGOLD by 3,530.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,240 shares of the basic materials company’s stock valued at $88,000 after purchasing an additional 8,013 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of DRDGOLD by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 907,313 shares of the basic materials company’s stock worth $9,636,000 after purchasing an additional 28,600 shares in the last quarter.

About DRDGOLD

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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.

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