Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in DRDGOLD Limited (NYSE:DRD)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,909 shares of the basic materials company's stock, valued at approximately $1,449,000. DRDGOLD accounts for about 2.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 7th largest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. owned about 0.19% of DRDGOLD as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company's stock valued at $878,000 after purchasing an additional 8,558 shares during the period. American Century Companies Inc. grew its position in shares of DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company's stock worth $7,690,000 after buying an additional 375,705 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of DRDGOLD by 15.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company's stock worth $4,333,000 after buying an additional 66,857 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in DRDGOLD in the fourth quarter valued at approximately $1,045,000. Finally, QRG Capital Management Inc. purchased a new position in DRDGOLD in the fourth quarter worth approximately $98,000. Hedge funds and other institutional investors own 14.70% of the company's stock.

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DRDGOLD Stock Performance

DRD stock traded up $0.34 during midday trading on Wednesday, reaching $15.71. 371,224 shares of the company were exchanged, compared to its average volume of 317,353. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.47 and a beta of 1.09. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $15.75. The stock's 50-day simple moving average is $12.09 and its 200 day simple moving average is $10.68.

DRDGOLD Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.1628 dividend. The ex-dividend date was Friday, March 14th. This represents a yield of 1.8%. DRDGOLD's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DRD. StockNews.com upgraded shares of DRDGOLD from a "hold" rating to a "buy" rating in a report on Friday, March 14th. HC Wainwright decreased their price target on DRDGOLD from $17.25 to $16.25 and set a "buy" rating for the company in a report on Wednesday, February 19th.

About DRDGOLD

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.