Public Employees Retirement System of Ohio Sells 4,454 Shares of DRDGOLD Limited $DRD

Public Employees Retirement System of Ohio cut its holdings in shares of DRDGOLD Limited (NYSE:DRD) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,706 shares of the basic materials company’s stock after selling 4,454 shares during the quarter. Public Employees Retirement System of Ohio owned 0.07% of DRDGOLD worth $823,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DRD. GAMMA Investing LLC grew its holdings in shares of DRDGOLD by 29.7% during the 2nd quarter. GAMMA Investing LLC now owns 6,422 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 1,469 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of DRDGOLD during the first quarter valued at about $2,055,000. AQR Capital Management LLC purchased a new position in shares of DRDGOLD in the first quarter worth about $1,759,000. Vident Advisory LLC increased its holdings in shares of DRDGOLD by 16.1% in the first quarter. Vident Advisory LLC now owns 121,104 shares of the basic materials company’s stock worth $1,874,000 after buying an additional 16,784 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of DRDGOLD by 769.7% in the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 3,633 shares during the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Trading Up 2.9%

Shares of DRD opened at $28.61 on Monday. DRDGOLD Limited has a 1-year low of $8.38 and a 1-year high of $29.11. The firm’s 50-day moving average price is $19.98 and its 200-day moving average price is $16.46. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 22.70 and a beta of 0.36.

DRDGOLD Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 12th were issued a dividend of $0.2269 per share. This is a positive change from DRDGOLD’s previous annual dividend of $0.16. The ex-dividend date was Friday, September 12th. This represents a dividend yield of 202.0%. DRDGOLD’s dividend payout ratio (DPR) is currently 28.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DRD shares. HC Wainwright raised their price target on DRDGOLD from $18.75 to $30.50 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 17th. Zacks Research upgraded shares of DRDGOLD from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DRDGOLD in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $30.50.

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.