32,000 Shares in DRDGOLD Limited (NYSE:DRD) Purchased by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,000 shares of the basic materials company's stock, valued at approximately $276,000. DRDGOLD accounts for approximately 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 20th largest position.

Other large investors have also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new position in shares of DRDGOLD during the 4th quarter worth $25,000. QRG Capital Management Inc. acquired a new stake in shares of DRDGOLD in the fourth quarter valued at about $98,000. Squarepoint Ops LLC purchased a new stake in DRDGOLD during the fourth quarter worth about $110,000. Ameriprise Financial Inc. grew its position in DRDGOLD by 10.0% during the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock worth $136,000 after buying an additional 1,438 shares during the period. Finally, Bank of America Corp DE increased its holdings 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 valued at $144,000 after buying an additional 5,364 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on DRD. HC Wainwright decreased their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Wall Street Zen raised DRDGOLD from a "buy" rating to a "strong-buy" rating in a report on Saturday.

DRDGOLD Stock Down 4.4%

Shares of DRDGOLD stock traded down $0.68 on Tuesday, hitting $14.95. The company's stock had a trading volume of 270,644 shares, compared to its average volume of 341,687. The firm has a fifty day moving average price of $14.92 and a 200-day moving average price of $11.90. The company has a market capitalization of $1.29 billion, a P/E ratio of 11.87 and a beta of 0.40. DRDGOLD Limited has a 52-week low of $7.64 and a 52-week high of $17.60.

DRDGOLD Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.1628 dividend. This represents a yield of 1.8%. The ex-dividend date was Friday, March 14th. DRDGOLD's payout ratio is currently 19.05%.

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.