DRDGOLD (NYSE:DRD) Price Target Lowered to $16.25 at HC Wainwright

DRDGOLD (NYSE:DRD) had its target price lowered by analysts at HC Wainwright from $17.25 to $16.25 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 39.78% from the stock’s current price. HC Wainwright also issued estimates for DRDGOLD’s FY2025 earnings at $1.06 EPS.

DRDGOLD Price Performance

DRD stock opened at $11.63 on Wednesday. DRDGOLD has a 1 year low of $6.48 and a 1 year high of $12.70. The firm has a 50-day moving average of $9.66 and a 200 day moving average of $9.76.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the stock. Aquatic Capital Management LLC bought a new position in DRDGOLD in the fourth quarter worth about $25,000. GAMMA Investing LLC raised its stake in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new position in DRDGOLD in the fourth quarter worth about $98,000. Squarepoint Ops LLC bought a new position in DRDGOLD in the fourth quarter worth about $110,000. Finally, Virtu Financial LLC bought a new position in DRDGOLD in the third quarter worth about $119,000. 14.70% of the stock is owned by institutional investors.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.