Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,000 shares of the basic materials company's stock, valued at approximately $276,000. DRDGOLD makes up 0.8% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 20th largest position.
A number of other large investors have also recently made changes to their positions in the company. Aquatic Capital Management LLC purchased a new position in DRDGOLD in the fourth quarter worth $25,000. QRG Capital Management Inc. acquired a new position in DRDGOLD during the fourth quarter worth $98,000. Squarepoint Ops LLC purchased a new stake in DRDGOLD during the fourth quarter worth $110,000. Ameriprise Financial Inc. increased its position in shares of DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company's stock valued at $136,000 after buying an additional 1,438 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of 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. 14.70% of the stock is owned by institutional investors and hedge funds.
DRDGOLD Stock Performance
DRDGOLD stock traded down $0.05 during midday trading on Thursday, reaching $15.18. 88,518 shares of the company were exchanged, compared to its average volume of 340,467. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.04 and a beta of 0.40. The firm's 50-day simple moving average is $14.95 and its 200-day simple moving average is $11.95. DRDGOLD Limited has a 1 year low of $7.64 and a 1 year high of $17.60.
Analysts Set New Price Targets
Several equities research analysts recently commented on DRD shares. HC Wainwright decreased their price objective on shares of 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 raised DRDGOLD from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.
Read Our Latest Research Report on DRDGOLD
DRDGOLD Company Profile
(
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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