JPMorgan Chase & Co. Buys 8,558 Shares of DRDGOLD Limited (NYSE:DRD)

JPMorgan Chase & Co. lifted its holdings in DRDGOLD Limited (NYSE:DRD) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,764 shares of the basic materials company’s stock after purchasing an additional 8,558 shares during the quarter. JPMorgan Chase & Co. owned 0.12% of DRDGOLD worth $878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in DRDGOLD by 53.0% in the 4th 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. QRG Capital Management Inc. acquired a new position in DRDGOLD during the 4th quarter valued at approximately $98,000. Virtu Financial LLC acquired a new stake in shares of DRDGOLD in the third quarter worth $119,000. Blue Trust Inc. increased its stake in shares of DRDGOLD by 41.3% in the fourth quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company’s stock worth $441,000 after acquiring an additional 14,912 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in DRDGOLD during the fourth quarter valued at $176,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DRD has been the topic of several analyst reports. HC Wainwright dropped their price target on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut DRDGOLD from a “buy” rating to a “hold” rating in a report on Friday, April 18th.

DRDGOLD Stock Performance

Shares of DRDGOLD stock opened at $15.01 on Tuesday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.91 and a beta of 0.88. DRDGOLD Limited has a fifty-two week low of $7.64 and a fifty-two week high of $17.60. The stock has a 50 day moving average of $14.11 and a 200 day moving average of $11.48.

DRDGOLD Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, March 14th. This represents a yield of 1.8%. DRDGOLD’s payout ratio is 19.05%.

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.