GTS Securities LLC purchased a new stake in shares of DRDGOLD Limited (NYSE:DRD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,729 shares of the basic materials company's stock, valued at approximately $170,000.
Other institutional investors have also recently made changes to their positions in the company. Aquatic Capital Management LLC bought a new stake in DRDGOLD during the fourth quarter valued at approximately $25,000. QRG Capital Management Inc. purchased a new position in shares of DRDGOLD during the 4th quarter worth $98,000. Squarepoint Ops LLC bought a new stake in shares of DRDGOLD during the 4th quarter valued at $110,000. Ameriprise Financial Inc. increased its stake in shares of DRDGOLD by 10.0% in 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of DRDGOLD by 47.2% in 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 in the last quarter. Institutional investors own 14.70% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on DRD shares. HC Wainwright lowered their target price 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 downgraded DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Sunday.
Check Out Our Latest Analysis on DRDGOLD
DRDGOLD Stock Up 8.1%
NYSE:DRD traded up $1.21 during trading hours on Monday, hitting $16.22. 441,237 shares of the stock traded hands, compared to its average volume of 341,978. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 12.87 and a beta of 0.40. 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 price of $15.00 and a 200 day moving average price of $12.06.
About DRDGOLD
(
Free Report)
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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