AJOVista LLC Acquires New Position in DRDGOLD Limited (NYSE:DRD)

AJOVista LLC purchased a new position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,565 shares of the basic materials company's stock, valued at approximately $792,000. DRDGOLD accounts for approximately 1.0% of AJOVista LLC's investment portfolio, making the stock its 16th biggest holding. AJOVista LLC owned approximately 0.12% of DRDGOLD as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DRD. SG Americas Securities LLC boosted its position in DRDGOLD by 36.4% during the third quarter. SG Americas Securities LLC now owns 23,751 shares of the basic materials company's stock valued at $197,000 after purchasing an additional 6,341 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of DRDGOLD during the 3rd quarter valued at about $247,000. Van ECK Associates Corp grew its stake in shares of DRDGOLD by 1.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,060,083 shares of the basic materials company's stock valued at $50,298,000 after buying an additional 61,500 shares in the last quarter. Systematic Alpha Investments LLC bought a new stake in shares of DRDGOLD in the 3rd quarter valued at approximately $53,000. Finally, Acadian Asset Management LLC increased its holdings in DRDGOLD by 6.8% in the third quarter. Acadian Asset Management LLC now owns 1,467,309 shares of the basic materials company's stock worth $12,161,000 after buying an additional 93,250 shares during the last quarter. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Price Performance

NYSE DRD traded down $0.05 during trading on Friday, hitting $7.83. 178,007 shares of the company traded hands, compared to its average volume of 337,523. DRDGOLD Limited has a 12 month low of $6.48 and a 12 month high of $13.85. The business has a fifty day simple moving average of $8.05 and a 200 day simple moving average of $8.08.

DRDGOLD Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 21st. Investors of record on Friday, March 8th were paid a $0.1058 dividend. This represents a dividend yield of 5%. The ex-dividend date was Thursday, March 7th.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of DRDGOLD from a "hold" rating to a "buy" rating in a research note on Tuesday, April 16th.

About DRDGOLD

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.