U S Global Investors Inc. Invests $2.15 Million in DRDGOLD Limited (NYSE:DRD)

U S Global Investors Inc. bought a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 138,951 shares of the basic materials company's stock, valued at approximately $2,150,000. U S Global Investors Inc. owned approximately 0.16% of DRDGOLD at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC boosted its stake in DRDGOLD by 18,615.5% during the 1st quarter. Synergy Asset Management LLC now owns 10,855 shares of the basic materials company's stock valued at $168,000 after purchasing an additional 10,797 shares during the last quarter. GAMMA Investing LLC boosted its stake in DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,713 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new position in DRDGOLD during the 4th quarter valued at about $439,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in DRDGOLD during the 4th quarter valued at about $276,000. Finally, Public Employees Retirement System of Ohio boosted its stake in DRDGOLD by 26.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 56,592 shares of the basic materials company's stock valued at $488,000 after purchasing an additional 11,921 shares during the last quarter. 14.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded DRDGOLD from a "buy" rating to a "strong-buy" rating in a research note on Friday.

DRDGOLD Stock Performance

DRD stock traded up $0.31 during midday trading on Monday, reaching $13.27. 173,309 shares of the company's stock traded hands, compared to its average volume of 447,428. The company has a 50-day moving average price of $14.68 and a two-hundred day moving average price of $12.71. DRDGOLD Limited has a 52 week low of $7.64 and a 52 week high of $17.60. The firm has a market capitalization of $1.15 billion, a PE ratio of 10.54 and a beta of 0.37.

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.