Shares of DRDGOLD Ltd. (NYSE:DRD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $1.96 and last traded at $1.96, with a volume of 4113 shares trading hands. The stock had previously closed at $2.05.
Separately, ValuEngine downgraded shares of DRDGOLD from a “hold” rating to a “sell” rating in a research report on Thursday, June 7th.
The company has a current ratio of 2.14, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01.
An institutional investor recently raised its position in DRDGOLD stock. Ruffer LLP grew its stake in shares of DRDGOLD Ltd. (NYSE:DRD) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,496,996 shares of the basic materials company’s stock after acquiring an additional 25,364 shares during the quarter. DRDGOLD comprises about 0.2% of Ruffer LLP’s investment portfolio, making the stock its 26th biggest holding. Ruffer LLP owned 5.92% of DRDGOLD worth $6,380,000 as of its most recent filing with the Securities & Exchange Commission. 17.96% of the stock is currently owned by institutional investors and hedge funds.
DRDGOLD Company Profile (NYSE:DRD)
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.
Further Reading: Diversification
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