Ashton Thomas Private Wealth LLC Sells 47,537 Shares of DRDGOLD Limited $DRD

Key Points

• Ashton Thomas Private Wealth cut its stake in DRDGOLD by 61.1%, selling 47,537 shares and retaining 30,214 shares worth about $937,000 at the end of the quarter.
• Several large funds boosted or initiated positions—Arrowstreet up 239.6% (≈989,089 shares), Amundi and Millennium made sizable buys—while institutional ownership stands at about 14.7%.
• DRDGOLD shares opened at $27.16 (52‑week range $12.75–$39.37); the company paid a $0.3122 dividend (ex‑div March 13) and carries a MarketBeat consensus rating of Moderate Buy with a $46.50 price target from analysts.

Ashton Thomas Private Wealth LLC decreased its position in DRDGOLD Limited (NYSE:DRD - Free Report) by 61.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,214 shares of the basic materials company's stock after selling 47,537 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in DRDGOLD were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DRD. Arrowstreet Capital Limited Partnership lifted its position in DRDGOLD by 239.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 989,089 shares of the basic materials company's stock valued at $27,299,000 after purchasing an additional 697,840 shares during the last quarter. Amundi bought a new stake in DRDGOLD in the third quarter valued at approximately $17,467,000. Millennium Management LLC lifted its position in DRDGOLD by 91.9% in the third quarter. Millennium Management LLC now owns 397,000 shares of the basic materials company's stock valued at $10,957,000 after purchasing an additional 190,152 shares during the last quarter. Man Group plc bought a new stake in DRDGOLD in the third quarter valued at approximately $3,477,000. Finally, AQR Capital Management LLC bought a new stake in DRDGOLD in the first quarter valued at approximately $1,759,000. Institutional investors own 14.70% of the company's stock.

DRDGOLD Stock Performance

Shares of DRDGOLD stock opened at $27.16 on Friday. The business has a 50 day moving average of $31.14 and a 200 day moving average of $30.93. DRDGOLD Limited has a 52 week low of $12.75 and a 52 week high of $39.37.

DRDGOLD (NYSE:DRD - Get Free Report) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $6.74 EPS for the quarter. As a group, equities research analysts forecast that DRDGOLD Limited will post 14.22 EPS for the current fiscal year.

DRDGOLD Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, March 23rd. Investors of record on Friday, March 13th were issued a dividend of $0.3122 per share. This represents a dividend yield of 207.0%. The ex-dividend date was Friday, March 13th.

Wall Street Analysts Forecast Growth

DRD has been the subject of several recent research reports. HC Wainwright boosted their price objective on DRDGOLD to $46.50 and gave the company a "buy" rating in a research report on Friday, January 30th. Zacks Research downgraded DRDGOLD from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of DRDGOLD in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded DRDGOLD from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.50.

DRDGOLD Profile

DRDGOLD NYSE: DRD is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD's operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.

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