DRDGOLD (DRD) Downgraded by ValuEngine

DRDGOLD (NYSE:DRD) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

Shares of DRDGOLD stock traded down $0.06 on Thursday, reaching $2.65. 108,300 shares of the company traded hands, compared to its average volume of 74,538. DRDGOLD has a 52 week low of $2.23 and a 52 week high of $4.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.14 and a quick ratio of 1.31.

A hedge fund recently raised its stake in DRDGOLD stock. Van ECK Associates Corp grew its stake in shares of DRDGOLD Ltd. (NYSE:DRD) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,129,564 shares of the basic materials company’s stock after acquiring an additional 97,947 shares during the period. Van ECK Associates Corp owned about 7.41% of DRDGOLD worth $8,544,000 at the end of the most recent reporting period. Institutional investors own 18.20% of the company’s stock.

About DRDGOLD

DRDGOLD Limited engages in the retreatment, production, and sale of gold from surface tailings in South Africa. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province. The company was founded in 1895 and is headquartered in Johannesburg, South Africa.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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