Renaissance Technologies LLC Decreases Stock Holdings in DRDGOLD Limited (NYSE:DRD)

Renaissance Technologies LLC lowered its position in shares of DRDGOLD Limited (NYSE:DRD) by 12.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802,513 shares of the basic materials company’s stock after selling 113,600 shares during the period. Renaissance Technologies LLC owned about 0.93% of DRDGOLD worth $6,910,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DRD. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in DRDGOLD in the 2nd quarter worth approximately $86,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of DRDGOLD in the 1st quarter worth approximately $131,000. Creekmur Asset Management LLC bought a new position in shares of DRDGOLD during the fourth quarter valued at approximately $216,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of DRDGOLD during the fourth quarter valued at approximately $507,000. Institutional investors own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. HC Wainwright cut their price target on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating on the stock in a report on Thursday, August 22nd. StockNews.com downgraded shares of DRDGOLD from a “buy” rating to a “hold” rating in a research note on Thursday.

DRDGOLD Stock Performance

NYSE DRD opened at $10.27 on Thursday. The stock’s 50 day moving average is $9.12 and its 200 day moving average is $8.74. DRDGOLD Limited has a twelve month low of $6.48 and a twelve month high of $10.69.

DRDGOLD Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be given a $0.1126 dividend. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from DRDGOLD’s previous semi-annual dividend of $0.11. This represents a dividend yield of 1.9%.

DRDGOLD 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.