What’s Ahead for DRDGOLD Limited (DRD) After Making 52 Week Low?

April 16, 2018 - By Rodney Autry

Investors sentiment increased to 1.71 in 2017 Q4. Its up 1.18, from 0.53 in 2017Q3. It improved, as 0 investors sold DRDGOLD Limited shares while 7 reduced holdings. 7 funds opened positions while 5 raised stakes. 7.85 million shares or 0.97% more from 7.78 million shares in 2017Q3 were reported.
Royal Retail Bank Of Canada reported 982 shares. Goldman Sachs Grp Inc reported 0% of its portfolio in DRDGOLD Limited (NYSE:DRD). Citadel Advsr Limited Company accumulated 18,770 shares. Barnett holds 0% of its portfolio in DRDGOLD Limited (NYSE:DRD) for 547 shares. Renaissance Technologies Limited Liability reported 0.01% in DRDGOLD Limited (NYSE:DRD). Sigma Planning Corporation accumulated 33,344 shares. Van Eck holds 3.03M shares. Moreover, Cubist Systematic Strategies Ltd Liability has 0% invested in DRDGOLD Limited (NYSE:DRD). State Bank Of America De reported 550 shares. 25,814 are owned by Virtu Ltd Liability Corp. Dimensional Fund Lp has invested 0% of its portfolio in DRDGOLD Limited (NYSE:DRD). Deutsche Comml Bank Ag holds 0% or 6 shares in its portfolio. Wells Fargo Communication Mn has invested 0% in DRDGOLD Limited (NYSE:DRD). The New York-based Morgan Stanley has invested 0% in DRDGOLD Limited (NYSE:DRD). D E Shaw And accumulated 0% or 134,782 shares.

The stock of DRDGOLD Limited (NYSE:DRD) hit a new 52-week low and has $2.53 target or 3.00 % below today’s $2.61 share price. The 8 months bearish chart indicates high risk for the $110.16 million company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $2.53 price target is reached, the company will be worth $3.30 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.25% or $0.06 during the last trading session, reaching $2.61. About 35,710 shares traded. DRDGOLD Limited (NYSE:DRD) has declined 45.23% since April 16, 2017 and is downtrending. It has underperformed by 56.78% the S&P500.

DRDGOLD Limited engages in the retreatment, production, and sale of gold from surface tailings in South Africa. The company has market cap of $110.16 million. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province. It has a 18.51 P/E ratio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.