12,704 Shares in DRDGOLD Limited (NYSE:DRD) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in shares of DRDGOLD Limited (NYSE:DRD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,704 shares of the basic materials company’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DRD. ABC Arbitrage SA purchased a new stake in DRDGOLD in the 4th quarter worth $1,140,000. QRG Capital Management Inc. bought a new position in shares of DRDGOLD in the fourth quarter worth about $98,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of DRDGOLD during the fourth quarter worth about $1,045,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in DRDGOLD by 15.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company’s stock valued at $4,333,000 after purchasing an additional 66,857 shares during the period. Finally, American Century Companies Inc. lifted its holdings in DRDGOLD by 72.9% in the 4th quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company’s stock worth $7,690,000 after purchasing an additional 375,705 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. HC Wainwright dropped their price target on DRDGOLD from $17.25 to $16.25 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 1st.

DRDGOLD Stock Up 3.7%

DRDGOLD stock opened at $14.25 on Tuesday. The business has a fifty day moving average of $15.03 and a two-hundred day moving average of $12.29. The firm has a market cap of $1.23 billion, a P/E ratio of 11.31 and a beta of 0.37. DRDGOLD Limited has a twelve month low of $7.64 and a twelve month high of $17.60.

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.