D.A. Davidson & CO. Purchases Shares of 22,624 DRDGOLD Limited (NYSE:DRD)

D.A. Davidson & CO. bought a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 bought and sold shares of the company. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in DRDGOLD by 52.9% in the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,713 shares during the period. Squarepoint Ops LLC acquired a new stake in DRDGOLD in the fourth quarter worth approximately $110,000. Ameriprise Financial Inc. lifted its position 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 period. Finally, Bank of America Corp DE lifted its position in 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 worth $144,000 after purchasing an additional 5,364 shares during the period. 14.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

DRDGOLD Stock Down 1.7%

DRD traded down $0.24 during trading on Tuesday, reaching $13.48. The stock had a trading volume of 329,527 shares, compared to its average volume of 371,260. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.70 and a beta of 0.30. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $17.60. The stock has a 50 day moving average of $14.37 and a two-hundred day moving average of $13.04.

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.