BNP Paribas Financial Markets Sells 1,242 Shares of DRDGOLD Limited (NYSE:DRD)

BNP Paribas Financial Markets decreased its holdings in DRDGOLD Limited (NYSE:DRD) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,110 shares of the basic materials company’s stock after selling 1,242 shares during the quarter. BNP Paribas Financial Markets’ holdings in DRDGOLD were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in shares of DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 1,438 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of DRDGOLD in the fourth quarter worth $25,000. JPMorgan Chase & Co. grew its stake in shares of DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock worth $878,000 after purchasing an additional 8,558 shares during the last quarter. QRG Capital Management Inc. bought a new stake in shares of DRDGOLD in the fourth quarter worth $98,000. Finally, Invesco Ltd. grew its stake in shares of DRDGOLD by 8.1% in the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company’s stock worth $2,299,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

DRD has been the topic of several analyst reports. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Sunday. HC Wainwright dropped their target price on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

DRDGOLD Stock Down 0.8%

DRD stock opened at $16.08 on Wednesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 12.76 and a beta of 0.40. DRDGOLD Limited has a 12-month low of $7.64 and a 12-month high of $17.60. The company’s fifty day simple moving average is $15.08 and its 200 day simple moving average is $12.13.

About DRDGOLD

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.