D.A. Davidson & CO. Invests $350,000 in DRDGOLD Limited (NYSE:DRD)

D.A. Davidson & CO. bought a new position in DRDGOLD Limited (NYSE:DRD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,624 shares of the basic materials company's stock, valued at approximately $350,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in shares of DRDGOLD in the fourth quarter worth $25,000. GAMMA Investing LLC grew its holdings in DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,713 shares during the last quarter. Synergy Asset Management LLC lifted its stake in DRDGOLD by 18,615.5% in the first quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock worth $168,000 after purchasing an additional 10,797 shares during the last quarter. Squarepoint Ops LLC bought a new stake in DRDGOLD in the fourth quarter worth about $110,000. Finally, Ameriprise Financial Inc. lifted its stake in DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock worth $136,000 after purchasing an additional 1,438 shares during the last quarter. Institutional investors own 14.70% of the company's stock.

DRDGOLD Stock Up 1.5%

Shares of DRD stock opened at $13.59 on Friday. The company's 50 day moving average is $14.37 and its 200 day moving average is $12.98. DRDGOLD Limited has a 52-week low of $7.64 and a 52-week high of $17.60. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 10.79 and a beta of 0.30.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

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.

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