DRDGOLD Ltd. (NYSE:DRD) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $4.25. DRDGOLD shares last traded at $4.17, with a volume of 8,003 shares trading hands.

Separately, ValuEngine downgraded DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.

The firm has a 50 day moving average price of $3.21 and a 200-day moving average price of $2.37. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.35.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC grew its holdings in DRDGOLD by 44.2% during the second quarter. Citadel Advisors LLC now owns 14,418 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 4,418 shares during the period. HighTower Advisors LLC bought a new stake in shares of DRDGOLD in the second quarter valued at approximately $31,000. Midwest Professional Planners LTD. bought a new stake in shares of DRDGOLD in the second quarter valued at approximately $44,000. Ruffer LLP raised its position in DRDGOLD by 33.7% during the second quarter. Ruffer LLP now owns 4,964,439 shares of the basic materials company’s stock valued at $15,067,000 after purchasing an additional 1,249,941 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in DRDGOLD during the second quarter valued at approximately $64,000. Institutional investors own 19.06% of the company’s stock.

About DRDGOLD (NYSE:DRD)

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.

Further Reading: What is a Candlestick Chart?

Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.