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

Van ECK Associates Corp decreased its position in shares of DRDGOLD Limited (NYSE:DRD - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,282,610 shares of the basic materials company's stock after selling 1,338,860 shares during the period. Van ECK Associates Corp owned about 6.11% of DRDGOLD worth $45,588,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in DRDGOLD by 53.0% during the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company's stock valued at $28,000 after buying an additional 1,122 shares during the period. U S Global Investors Inc. purchased a new position in shares of DRDGOLD during the third quarter valued at approximately $2,388,000. JPMorgan Chase & Co. grew its stake in shares of DRDGOLD by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company's stock worth $899,000 after buying an additional 9,765 shares during the last quarter. Blue Trust Inc. increased its position in DRDGOLD by 488.4% during the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company's stock valued at $348,000 after buying an additional 30,001 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in DRDGOLD during the third quarter valued at $431,000. Institutional investors own 14.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright increased their target price on DRDGOLD from $13.25 to $17.25 and gave the company a "buy" rating in a research note on Wednesday, January 22nd.

DRDGOLD Stock Performance

Shares of NYSE DRD traded down $0.64 during midday trading on Monday, reaching $10.34. The stock had a trading volume of 232,654 shares, compared to its average volume of 229,281. DRDGOLD Limited has a 12-month low of $6.48 and a 12-month high of $12.70. The stock has a 50-day moving average of $9.60 and a 200-day moving average of $9.74.

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.