DRDGOLD Limited (NYSE:DRD) shares have more than 24.66 percent upside potential from the existing levels. This is based on the revised price target of HC Wainwright at $ 18.50 on the stock. Incidentally, the brokerage raised its price objective by $ 7 from its earlier level of $ 11.50. However, HC Wainwright has maintained its Buy rating on the stock, Benzinga reported.
Shares of DRDGOLD Limited traded low $ -1.05 or -7.08 percent on Wednesday, reaching $ 13.79 with volume of 358.00 thousand shares. The stock opened down for the day at $ 14.30, after closing the previous day trading at $ 14.84. According to the previous trading day, closing price of $ 14.84, representing a 384.97 % increase from the 52 week low of $ 3.06 and a 17.78 % decrease over the 52 week high of $ 18.05.
With respect to the key metrics, DRDGOLD Limited stock has advanced $ 3.03 or 28.00 percent, reaching $ 10.76 during the simple moving average (SMA) period of 200 days. Similarly, the stock has decreased $ -1.28 or -8.00 percent, before arriving at $ 15.07 during the SMA50-day period.
DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The companys activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province.
