ABC Arbitrage SA purchased a new stake in DRDGOLD Limited (NYSE:DRD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 132,103 shares of the basic materials company's stock, valued at approximately $1,140,000. ABC Arbitrage SA owned 0.15% of DRDGOLD as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in DRDGOLD by 53.0% in 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. Virtu Financial LLC acquired a new position in DRDGOLD during the 3rd quarter worth approximately $119,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in DRDGOLD during the 4th quarter worth approximately $176,000. Blue Trust Inc. boosted its holdings in DRDGOLD by 488.4% in the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company's stock worth $348,000 after acquiring an additional 30,001 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in DRDGOLD in the third quarter valued at approximately $431,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reduced their price target on shares of DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a research report on Wednesday.
Get Our Latest Stock Analysis on DRD
DRDGOLD Stock Up 1.1 %
Shares of NYSE:DRD traded up $0.11 during mid-day trading on Wednesday, hitting $10.53. 254,431 shares of the company traded hands, compared to its average volume of 240,663. The stock has a 50-day moving average price of $9.61 and a two-hundred day moving average price of $9.74. DRDGOLD Limited has a 12-month low of $6.48 and a 12-month high of $12.70.
DRDGOLD Company Profile
(
Free Report)
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.
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