DRDGOLD Limited (NYSE:DRD) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in shares of DRDGOLD Limited (NYSE:DRD) by 47.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,732 shares of the basic materials company’s stock after buying an additional 5,364 shares during the period. Bank of America Corp DE’s holdings in DRDGOLD were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in DRDGOLD during the 4th quarter valued at about $25,000. QRG Capital Management Inc. purchased a new stake in DRDGOLD during the 4th quarter valued at about $98,000. Ameriprise Financial Inc. grew its stake in DRDGOLD by 10.0% during the 4th quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 1,438 shares during the last quarter. Heritage Trust Co purchased a new stake in DRDGOLD during the 4th quarter valued at about $186,000. Finally, OLD Mission Capital LLC purchased a new stake in DRDGOLD during the 4th quarter valued at about $403,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 1st. HC Wainwright lowered their target price on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Stock Up 2.7%

Shares of DRD opened at $14.68 on Tuesday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.65 and a beta of 0.37. The stock’s 50-day moving average price is $15.06 and its 200-day moving average price is $12.45. DRDGOLD Limited has a 52 week low of $7.64 and a 52 week 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.