DRDGOLD Limited (NYSE:DRD) Stake Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of DRDGOLD Limited (NYSE:DRD) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,779 shares of the basic materials company’s stock after purchasing an additional 1,438 shares during the quarter. Ameriprise Financial Inc.’s holdings in DRDGOLD were worth $136,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. bought a new position in DRDGOLD in the 4th quarter worth approximately $98,000. Dimensional Fund Advisors LP grew its holdings in DRDGOLD by 28.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 103,465 shares of the basic materials company’s stock worth $893,000 after buying an additional 23,138 shares in the last quarter. Invesco Ltd. grew its holdings in DRDGOLD by 8.1% in the 4th quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company’s stock worth $2,299,000 after buying an additional 20,000 shares in the last quarter. Jane Street Group LLC grew its holdings in DRDGOLD by 29.8% in the 4th quarter. Jane Street Group LLC now owns 111,101 shares of the basic materials company’s stock worth $959,000 after buying an additional 25,522 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in DRDGOLD by 15.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company’s stock worth $4,333,000 after buying an additional 66,857 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

DRDGOLD Price Performance

Shares of DRD stock opened at $13.73 on Friday. The business has a 50 day simple moving average of $15.06 and a 200 day simple moving average of $12.24. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.89 and a beta of 0.37. DRDGOLD Limited has a 12-month low of $7.64 and a 12-month high of $17.60.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DRD shares. Wall Street Zen lowered DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 1st. HC Wainwright decreased their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a report on Wednesday, February 19th.

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.