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

OLD Mission Capital LLC bought a new position in shares of DRDGOLD Limited (NYSE:DRD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 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.

A number of other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 1,122 shares during the period. QRG Capital Management Inc. bought a new position in DRDGOLD during the 4th quarter worth $98,000. Virtu Financial LLC acquired a new position in DRDGOLD during the 3rd quarter worth about $119,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of DRDGOLD in the 4th quarter valued at about $176,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of DRDGOLD in the third quarter valued at about $431,000. 14.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on DRD shares. StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a report on Friday, March 14th. HC Wainwright reduced their price objective on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Trading Down 13.4 %

Shares of DRDGOLD stock opened at $13.55 on Monday. The company has a market cap of $1.17 billion, a P/E ratio of 10.75 and a beta of 0.88. The business has a 50-day moving average price of $12.37 and a two-hundred day moving average price of $10.80. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $15.92.

DRDGOLD Announces Dividend

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

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.