GAMMA Investing LLC Acquires 73,383 Shares of DRDGOLD Limited (NYSE:DRD)

GAMMA Investing LLC grew its holdings in shares of DRDGOLD Limited (NYSE:DRD) by 2,264.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,623 shares of the basic materials company’s stock after acquiring an additional 73,383 shares during the quarter. GAMMA Investing LLC owned 0.09% of DRDGOLD worth $1,185,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its stake in DRDGOLD by 72.9% during the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company’s stock worth $7,690,000 after acquiring an additional 375,705 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in DRDGOLD by 15.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company’s stock worth $4,333,000 after acquiring an additional 66,857 shares in the last quarter. Invesco Ltd. raised its stake in DRDGOLD by 8.1% during the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company’s stock worth $2,299,000 after acquiring an additional 20,000 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in DRDGOLD during the fourth quarter worth about $1,449,000. Finally, ABC Arbitrage SA acquired a new position in DRDGOLD during the fourth quarter worth about $1,140,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DRD has been the topic of several research reports. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 1st. HC Wainwright reduced their price target on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

DRDGOLD Trading Down 0.3%

NYSE:DRD opened at $14.28 on Monday. The stock has a market cap of $1.23 billion, a P/E ratio of 11.33 and a beta of 0.37. The stock’s 50-day moving average is $15.04 and its 200-day moving average is $12.42. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $17.60.

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.