Ashton Thomas Private Wealth LLC Takes $1.05 Million Position in DRDGOLD Limited (NYSE:DRD)

Ashton Thomas Private Wealth LLC acquired a new stake in DRDGOLD Limited (NYSE:DRD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,056 shares of the basic materials company’s stock, valued at approximately $1,045,000. Ashton Thomas Private Wealth LLC owned 0.14% of DRDGOLD as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 1,122 shares during the period. QRG Capital Management Inc. acquired a new stake in DRDGOLD in the fourth quarter valued at approximately $98,000. Virtu Financial LLC acquired a new stake in DRDGOLD in the third quarter valued at approximately $119,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in DRDGOLD in the fourth quarter valued at approximately $176,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in DRDGOLD in the third quarter valued at approximately $431,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Trading Up 4.6 %

DRD stock opened at $13.27 on Monday. DRDGOLD Limited has a twelve month low of $7.53 and a twelve month high of $13.51. The company’s 50 day moving average is $10.32 and its two-hundred day moving average is $9.96. The stock has a market cap of $1.15 billion, a P/E ratio of 10.53 and a beta of 1.09.

DRDGOLD Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1628 per share. The ex-dividend date is Friday, March 14th. This represents a yield of 1.8%. DRDGOLD’s payout ratio is currently 19.05%.

Analysts Set New Price Targets

Several analysts recently weighed in on DRD shares. HC Wainwright reduced their target price on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday.

DRDGOLD 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.