ValuEngine downgraded shares of DRDGOLD (NYSE:DRD) from a sell rating to a strong sell rating in a research report released on Tuesday morning.

Shares of DRD stock opened at $2.09 on Tuesday. The company has a current ratio of 1.95, a quick ratio of 1.31 and a debt-to-equity ratio of 0.01. DRDGOLD has a fifty-two week low of $1.91 and a fifty-two week high of $4.11.

An institutional investor recently raised its position in DRDGOLD stock. Ruffer LLP lifted its holdings in shares of DRDGOLD Ltd. (NYSE:DRD) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,496,996 shares of the basic materials company’s stock after acquiring an additional 25,364 shares during the quarter. DRDGOLD makes up 0.2% of Ruffer LLP’s portfolio, making the stock its 26th biggest position. Ruffer LLP owned 5.92% of DRDGOLD worth $6,380,000 as of its most recent SEC filing. Institutional investors own 17.96% of the company’s stock.

DRDGOLD Company Profile

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.

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