OLD Mission Capital LLC Purchases New Holdings in DRDGOLD Limited (NYSE:DRD)

OLD Mission Capital LLC purchased a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 46,643 shares of the basic materials company's stock, valued at approximately $403,000. OLD Mission Capital LLC owned about 0.05% of DRDGOLD at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock worth $28,000 after acquiring an additional 1,122 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of DRDGOLD by 9.2% during the 4th quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after purchasing an additional 8,558 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of DRDGOLD in the 4th quarter valued at approximately $98,000. Virtu Financial LLC bought a new stake in DRDGOLD during the 3rd quarter worth approximately $119,000. Finally, Blue Trust Inc. raised its holdings in 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 buying an additional 14,912 shares during the period. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Price Performance

NYSE:DRD traded up $0.92 during trading hours on Friday, reaching $16.17. 788,577 shares of the stock were exchanged, compared to its average volume of 327,509. The stock has a market cap of $1.40 billion, a PE ratio of 12.83 and a beta of 0.88. DRDGOLD Limited has a twelve month low of $7.64 and a twelve month high of $16.41. The firm has a 50 day moving average of $12.95 and a 200 day moving average of $11.01.

DRDGOLD Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DRD shares. HC Wainwright lowered their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday, February 19th. StockNews.com upgraded DRDGOLD from a "hold" rating to a "buy" rating in a report on Friday, March 14th.

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.