DRDGOLD Limited (NYSE:DRD) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its stake in shares of DRDGOLD Limited (NYSE:DRD - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,361 shares of the basic materials company's stock after selling 17,502 shares during the quarter. Guggenheim Capital LLC owned about 0.11% of DRDGOLD worth $823,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 1,122 shares in the last quarter. QRG Capital Management Inc. bought a new position in DRDGOLD during the fourth quarter valued at approximately $98,000. JPMorgan Chase & Co. grew its holdings in DRDGOLD by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company's stock valued at $899,000 after buying an additional 9,765 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of DRDGOLD by 41.3% during the 4th quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company's stock worth $441,000 after acquiring an additional 14,912 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of DRDGOLD by 15.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock valued at $4,333,000 after acquiring an additional 66,857 shares during the last quarter. Institutional investors own 14.70% of the company's stock.

DRDGOLD Trading Down 1.9 %

Shares of DRD traded down $0.28 during mid-day trading on Tuesday, hitting $14.73. The company's stock had a trading volume of 60,936 shares, compared to its average volume of 334,469. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.71 and a beta of 0.88. The company's 50-day moving average is $14.11 and its 200-day moving average is $11.48. DRDGOLD Limited has a 52-week low of $7.64 and a 52-week high of $17.60.

DRDGOLD Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on DRD. StockNews.com lowered DRDGOLD from a "buy" rating to a "hold" rating in a report on Friday, April 18th. HC Wainwright lowered their target price on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research note on Wednesday, February 19th.

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.