Hennion & Walsh Asset Management Inc. Buys New Shares in DRDGOLD Limited (NYSE:DRD)

Hennion & Walsh Asset Management Inc. purchased a new stake in DRDGOLD Limited (NYSE:DRDFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,976 shares of the basic materials company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in DRDGOLD by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 6,132,581 shares of the basic materials company’s stock valued at $48,754,000 after buying an additional 72,498 shares during the period. National Bank of Canada FI increased its holdings in DRDGOLD by 6.8% in the 4th quarter. National Bank of Canada FI now owns 176,194 shares of the basic materials company’s stock valued at $1,388,000 after buying an additional 11,294 shares during the period. AJOVista LLC bought a new stake in DRDGOLD in the 4th quarter valued at $792,000. Trexquant Investment LP increased its holdings in DRDGOLD by 88.4% in the 4th quarter. Trexquant Investment LP now owns 72,611 shares of the basic materials company’s stock valued at $577,000 after buying an additional 34,061 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in DRDGOLD in the 4th quarter valued at $507,000. Institutional investors own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DRD has been the topic of several analyst reports. HC Wainwright boosted their price target on shares of DRDGOLD from $13.25 to $15.50 and gave the company a “buy” rating in a report on Tuesday, May 14th. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th.

View Our Latest Analysis on DRD

DRDGOLD Stock Up 4.0 %

DRD opened at $9.38 on Friday. The firm’s 50-day simple moving average is $8.51 and its 200-day simple moving average is $8.06. DRDGOLD Limited has a twelve month low of $6.48 and a twelve month high of $11.98.

DRDGOLD 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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Institutional Ownership by Quarter for DRDGOLD (NYSE:DRD)

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