Van ECK Associates Corp Raises Position in DRDGOLD Limited (NYSE:DRD)

Van ECK Associates Corp increased its position in DRDGOLD Limited (NYSE:DRD - Free Report) by 24.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,621,470 shares of the basic materials company's stock after acquiring an additional 1,291,541 shares during the period. Van ECK Associates Corp owned about 7.66% of DRDGOLD worth $63,831,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DRD. EverSource Wealth Advisors LLC grew its holdings in DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 1,840 shares during the period. Blue Trust Inc. grew its holdings in DRDGOLD by 4,107.5% during 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 period. Thompson Siegel & Walmsley LLC bought a new stake in DRDGOLD during the second quarter valued at about $86,000. Hennion & Walsh Asset Management Inc. grew its holdings in DRDGOLD by 11.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company's stock valued at $153,000 after purchasing an additional 1,802 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in DRDGOLD by 270.4% during the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company's stock valued at $683,000 after purchasing an additional 57,875 shares during the period. Institutional investors own 14.70% of the company's stock.

DRDGOLD Price Performance

Shares of NYSE DRD traded down $0.38 during mid-day trading on Monday, reaching $11.61. The company's stock had a trading volume of 188,864 shares, compared to its average volume of 312,986. The firm has a market capitalization of $1.00 billion, a PE ratio of 13.75 and a beta of 1.09. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $9.25. DRDGOLD Limited has a 52 week low of $6.48 and a 52 week high of $12.70.

DRDGOLD Increases Dividend

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

Analyst Ratings Changes

DRD has been the subject of several recent research reports. StockNews.com lowered DRDGOLD from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. HC Wainwright reaffirmed a "buy" rating and issued a $13.25 price objective on shares of DRDGOLD in a research note on Friday, October 18th.

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.