PKO Investment Management Joint Stock Co Makes New Investment in DRDGOLD Limited (NYSE:DRD)

PKO Investment Management Joint Stock Co bought a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,814 shares of the basic materials company's stock, valued at approximately $439,000. PKO Investment Management Joint Stock Co owned about 0.06% of DRDGOLD at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in DRDGOLD in the 4th quarter valued at about $276,000. Public Employees Retirement System of Ohio raised its stake in shares of DRDGOLD by 26.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 56,592 shares of the basic materials company's stock valued at $488,000 after acquiring an additional 11,921 shares during the period. GTS Securities LLC purchased a new stake in shares of DRDGOLD in the 4th quarter valued at approximately $170,000. Squarepoint Ops LLC purchased a new stake in shares of DRDGOLD in the 4th quarter valued at approximately $110,000. Finally, Millennium Management LLC raised its stake in shares of DRDGOLD by 61.7% in the 4th quarter. Millennium Management LLC now owns 53,669 shares of the basic materials company's stock valued at $463,000 after acquiring an additional 20,475 shares during the period. 14.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Sunday. HC Wainwright reduced their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Stock Performance

Shares of DRDGOLD stock traded up $1.21 on Monday, reaching $16.22. The company had a trading volume of 441,237 shares, compared to its average volume of 341,998. The firm's 50 day moving average price is $15.04 and its two-hundred day moving average price is $12.10. The firm has a market cap of $1.40 billion, a PE ratio of 12.87 and a beta of 0.40. DRDGOLD Limited has a 52-week low of $7.64 and a 52-week high of $17.60.

About DRDGOLD

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.