DRDGOLD Limited (NYSE:DRD) Stake Raised by Millennium Management LLC

Millennium Management LLC grew its position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,669 shares of the basic materials company's stock after buying an additional 20,475 shares during the quarter. Millennium Management LLC owned 0.06% of DRDGOLD worth $463,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in DRDGOLD during the fourth quarter worth about $25,000. QRG Capital Management Inc. purchased a new position in shares of DRDGOLD during the 4th quarter worth approximately $98,000. Ameriprise Financial Inc. raised its position in shares of DRDGOLD by 10.0% during the 4th 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. Bank of America Corp DE raised its position in shares of DRDGOLD by 47.2% during the 4th 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 last quarter. Finally, Heritage Trust Co purchased a new stake in DRDGOLD in the 4th quarter valued at approximately $186,000. Institutional investors and hedge funds own 14.70% of the company's stock.

Analyst Upgrades and Downgrades

DRD has been the subject of a number of recent research reports. HC Wainwright lowered their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th. Wall Street Zen cut DRDGOLD from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st.

DRDGOLD Stock Down 0.3%

Shares of DRD stock traded down $0.05 during mid-day trading on Friday, reaching $14.28. The company's stock had a trading volume of 702,542 shares, compared to its average volume of 353,896. The firm has a market capitalization of $1.23 billion, a PE ratio of 11.33 and a beta of 0.37. The company's 50 day simple moving average is $15.02 and its 200-day simple moving average is $12.34. DRDGOLD Limited has a 12-month low of $7.64 and a 12-month high of $17.60.

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.