DRDGOLD Limited (DRD) Surges to 52-Week Low, Is Now Worst Performer

April 16, 2018 - By Nellie Frank

Investors sentiment increased to 1.71 in Q4 2017. 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.
100 were reported by Pnc Fincl Group Inc. Dimensional Fund Advisors L P has 15,569 shares. Goldman Sachs Grp owns 0% invested in DRDGOLD Limited (NYSE:DRD) for 15,783 shares. Deutsche Comml Bank Ag stated it has 6 shares or 0% of all its holdings. Royal Fincl Bank Of Canada stated it has 0% in DRDGOLD Limited (NYSE:DRD). Barnett & Inc holds 0% or 547 shares in its portfolio. Citadel Ltd Limited Liability Company has invested 0% in DRDGOLD Limited (NYSE:DRD). Comml Bank Of Montreal Can accumulated 600 shares. Sprott owns 10,000 shares or 0.01% of their US portfolio. Citigroup has 0% invested in DRDGOLD Limited (NYSE:DRD) for 8,300 shares. Art Ltd Liability holds 0% or 27,376 shares. Ruffer Llp invested in 2.47M shares. Cubist Systematic Strategies Ltd Liability Co invested 0% in DRDGOLD Limited (NYSE:DRD). Renaissance Techs Limited Liability Corp invested in 0.01% or 1.49 million shares. D E Shaw And stated it has 0% of its portfolio in DRDGOLD Limited (NYSE:DRD).

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.

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