U S Global Investors Inc. Purchases Shares of 247,744 DRDGOLD Limited (NYSE:DRD)

U S Global Investors Inc. acquired a new stake in shares of DRDGOLD Limited (NYSE:DRD - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 247,744 shares of the basic materials company's stock, valued at approximately $2,388,000. U S Global Investors Inc. owned approximately 0.29% of DRDGOLD as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in DRDGOLD by 68.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company's stock valued at $39,000 after acquiring an additional 1,840 shares during the period. Blue Trust Inc. grew its stake in DRDGOLD by 4,107.5% in the second quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company's stock valued at $50,000 after purchasing an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of DRDGOLD during the 2nd quarter worth approximately $86,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of DRDGOLD during the 1st quarter valued at $131,000. Finally, Dimensional Fund Advisors LP boosted its holdings in DRDGOLD by 270.4% in the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company's stock worth $683,000 after acquiring an additional 57,875 shares in the last quarter. Institutional investors own 14.70% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on DRD. HC Wainwright reaffirmed a "buy" rating and issued a $13.25 price target on shares of DRDGOLD in a report on Friday. StockNews.com cut shares of DRDGOLD from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th.

DRDGOLD Price Performance

Shares of DRD traded up $0.13 during mid-day trading on Tuesday, reaching $12.42. The company's stock had a trading volume of 193,285 shares, compared to its average volume of 315,954. The company's 50 day moving average is $9.40 and its 200 day moving average is $9.02. The stock has a market cap of $1.07 billion, a PE ratio of 14.60 and a beta of 1.13. DRDGOLD Limited has a 12-month low of $6.48 and a 12-month high of $12.63.

DRDGOLD Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.1126 per share. The ex-dividend date was Friday, September 13th. This represents a yield of 1.9%. This is an increase from DRDGOLD's previous semi-annual dividend of $0.11. DRDGOLD's dividend payout ratio is presently 20.00%.

DRDGOLD Company 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.