PKO Investment Management Joint Stock Co Acquires Shares of 50,814 DRDGOLD Limited (NYSE:DRD)

PKO Investment Management Joint Stock Co acquired a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,814 shares of the basic materials company's stock, valued at approximately $439,000. PKO Investment Management Joint Stock Co owned 0.06% of DRDGOLD at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. boosted its position in shares of DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock valued at $136,000 after acquiring an additional 1,438 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD in the fourth quarter valued at approximately $25,000. Bank of America Corp DE boosted its position in shares of DRDGOLD by 47.2% in the fourth quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 5,364 shares during the period. JPMorgan Chase & Co. boosted its position in shares of DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after acquiring an additional 8,558 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of DRDGOLD in the fourth quarter valued at approximately $98,000. 14.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. HC Wainwright reduced their price objective on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Wall Street Zen raised DRDGOLD from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

DRDGOLD Trading Down 0.9%

DRD stock traded down $0.13 during midday trading on Friday, hitting $14.98. The stock had a trading volume of 232,652 shares, compared to its average volume of 341,174. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.89 and a beta of 0.40. DRDGOLD Limited has a 52 week low of $7.64 and a 52 week high of $17.60. The stock has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $12.02.

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.