GAMMA Investing LLC lifted its position in DRDGOLD Limited (NYSE:DRD – Free Report) by 53.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,240 shares of the basic materials company’s stock after purchasing an additional 1,122 shares during the quarter. GAMMA Investing LLC’s holdings in DRDGOLD were worth $28,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in DRD. EverSource Wealth Advisors LLC boosted its position in DRDGOLD by 68.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock valued at $39,000 after buying an additional 1,840 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of DRDGOLD in the second quarter valued at approximately $86,000. Virtu Financial LLC acquired a new position in shares of DRDGOLD in the 3rd quarter worth approximately $119,000. Blue Trust Inc. grew its position in DRDGOLD by 488.4% during the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 30,001 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in DRDGOLD during the 3rd quarter valued at $431,000. Institutional investors own 14.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. HC Wainwright reissued a “buy” rating and issued a $13.25 price objective on shares of DRDGOLD in a research note on Friday, October 18th. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.
DRDGOLD Price Performance
Shares of DRDGOLD stock opened at $9.54 on Wednesday. The firm has a 50 day simple moving average of $9.42 and a 200 day simple moving average of $9.62. DRDGOLD Limited has a fifty-two week low of $6.48 and a fifty-two week high of $12.70.
DRDGOLD 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.
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