Blue Trust Inc. Increases Position in DRDGOLD Limited (NYSE:DRD)

Blue Trust Inc. boosted its holdings in DRDGOLD Limited (NYSE:DRD) by 488.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,144 shares of the basic materials company’s stock after purchasing an additional 30,001 shares during the period. Blue Trust Inc.’s holdings in DRDGOLD were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 1,840 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of DRDGOLD in the 2nd quarter valued at approximately $86,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of DRDGOLD during the 1st quarter valued at approximately $131,000. Dimensional Fund Advisors LP raised its position in shares of DRDGOLD by 270.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock valued at $683,000 after acquiring an additional 57,875 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in DRDGOLD by 34.3% during the second quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock worth $1,791,000 after purchasing an additional 53,081 shares during the last quarter. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Price Performance

NYSE:DRD opened at $12.22 on Thursday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 14.38 and a beta of 1.13. The business has a 50 day simple moving average of $9.52 and a 200 day simple moving average of $9.07. DRDGOLD Limited has a 12-month low of $6.48 and a 12-month high of $12.63.

DRDGOLD Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.1126 per share. This is an increase from DRDGOLD’s previous semi-annual dividend of $0.11. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 1.9%. DRDGOLD’s payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DRD. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. HC Wainwright reiterated a “buy” rating and set a $13.25 price objective on shares of DRDGOLD in a research note on Friday, October 18th.

DRDGOLD Company Profile

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.