DRDGOLD Limited (NYSE:DRD) Shares Sold by Creative Planning

Creative Planning lessened its holdings in shares of DRDGOLD Limited (NYSE:DRD) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,620 shares of the basic materials company’s stock after selling 2,022 shares during the quarter. Creative Planning’s holdings in DRDGOLD were worth $218,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of DRDGOLD by 36.8% during the 2nd quarter. American Century Companies Inc. now owns 679,600 shares of the basic materials company’s stock valued at $5,851,000 after buying an additional 182,900 shares during the period. Marshall Wace LLP grew its position in DRDGOLD by 34.3% during the second quarter. Marshall Wace LLP now owns 208,006 shares of the basic materials company’s stock valued at $1,791,000 after acquiring an additional 53,081 shares during the period. Dimensional Fund Advisors LP increased its stake 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 worth $683,000 after acquiring an additional 57,875 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of DRDGOLD by 11.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 1,802 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of DRDGOLD in the 2nd quarter valued at about $86,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. HC Wainwright reissued a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a research note on Friday, October 18th.

DRDGOLD Stock Performance

Shares of DRD opened at $11.11 on Monday. DRDGOLD Limited has a 12-month low of $6.48 and a 12-month high of $12.70. The business’s fifty day moving average price is $10.20 and its 200 day moving average price is $9.36.

DRDGOLD Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a dividend of $0.1126 per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from DRDGOLD’s previous semi-annual dividend of $0.11.

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.