DRDGOLD Limited $DRD Position Lessened by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co decreased its position in shares of DRDGOLD Limited (NYSE:DRD) by 43.3% in the second quarter, Holdings Channel.com reports. The firm owned 28,814 shares of the basic materials company’s stock after selling 22,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in DRDGOLD were worth $384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of DRDGOLD by 5.7% during the 1st quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company’s stock worth $14,571,000 after purchasing an additional 50,810 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in DRDGOLD by 2.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 514,199 shares of the basic materials company’s stock worth $7,955,000 after buying an additional 12,099 shares during the last quarter. U S Global Investors Inc. raised its position in DRDGOLD by 91.3% during the second quarter. U S Global Investors Inc. now owns 265,755 shares of the basic materials company’s stock valued at $3,543,000 after acquiring an additional 126,804 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in DRDGOLD in the first quarter valued at approximately $2,055,000. Finally, Vident Advisory LLC grew its position in DRDGOLD by 16.1% in the first quarter. Vident Advisory LLC now owns 121,104 shares of the basic materials company’s stock worth $1,874,000 after acquiring an additional 16,784 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Trading Down 1.8%

NYSE:DRD opened at $25.14 on Friday. The firm has a market capitalization of $2.17 billion, a PE ratio of 19.95 and a beta of 0.36. DRDGOLD Limited has a 1 year low of $8.38 and a 1 year high of $31.91. The firm’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $17.89.

DRDGOLD Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 12th were paid a $0.2269 dividend. The ex-dividend date was Friday, September 12th. This is a boost from DRDGOLD’s previous annual dividend of $0.16. This represents a dividend yield of 202.0%. DRDGOLD’s dividend payout ratio is presently 29.37%.

Wall Street Analysts Forecast Growth

DRD has been the topic of a number of recent research reports. Zacks Research downgraded shares of DRDGOLD from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 20th. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 17th. HC Wainwright boosted their price target on DRDGOLD to $36.25 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of DRDGOLD in a research note on Friday. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, DRDGOLD presently has an average rating of “Hold” and an average price target of $36.25.

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.