DRDGOLD Limited (NYSE:DRD) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its holdings in shares of DRDGOLD Limited (NYSE:DRD - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,669 shares of the basic materials company's stock after purchasing an additional 20,475 shares during the quarter. Millennium Management LLC owned 0.06% of DRDGOLD worth $463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company's stock worth $7,690,000 after purchasing an additional 375,705 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in DRDGOLD by 15.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock worth $4,333,000 after buying an additional 66,857 shares during the last quarter. Invesco Ltd. lifted its holdings in DRDGOLD by 8.1% during the 4th quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company's stock worth $2,299,000 after buying an additional 20,000 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of DRDGOLD in the 4th quarter worth approximately $1,449,000. Finally, ABC Arbitrage SA bought a new stake in shares of DRDGOLD in the 4th quarter valued at approximately $1,140,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Stock Performance

Shares of DRDGOLD stock traded down $0.40 on Tuesday, reaching $13.85. 465,805 shares of the company were exchanged, compared to its average volume of 350,406. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 10.99 and a beta of 0.37. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $17.60. The company's 50-day moving average is $15.03 and its two-hundred day moving average is $12.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DRD shares. HC Wainwright dropped their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Wall Street Zen cut shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st.

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.