Campbell & CO Investment Adviser LLC Reduces Stock Position in DRDGOLD Limited $DRD

Campbell & CO Investment Adviser LLC decreased its holdings in DRDGOLD Limited (NYSE:DRD) by 66.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,556 shares of the basic materials company’s stock after selling 51,550 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in DRDGOLD were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Benjamin Edwards Inc. bought a new position in shares of DRDGOLD in the third quarter worth about $258,000. Merit Financial Group LLC boosted its position in DRDGOLD by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after buying an additional 800 shares during the period. Diversified Trust Co purchased a new stake in DRDGOLD in the 3rd quarter valued at about $223,000. Farther Finance Advisors LLC grew its stake in DRDGOLD by 88.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 792 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of DRDGOLD by 26.3% during the third quarter. GAMMA Investing LLC now owns 8,113 shares of the basic materials company’s stock worth $224,000 after acquiring an additional 1,691 shares during the period. 14.70% of the stock is currently owned by institutional investors.

DRDGOLD Stock Up 3.9%

Shares of DRDGOLD stock opened at $37.64 on Wednesday. The firm’s 50 day moving average price is $30.95 and its 200-day moving average price is $24.52. DRDGOLD Limited has a 52-week low of $9.51 and a 52-week high of $38.20.

Analyst Ratings Changes

A number of 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 Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of DRDGOLD in a report on Wednesday, October 8th. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, HC Wainwright boosted their price target on shares of DRDGOLD to $36.25 and gave the company a “buy” rating in a report on Friday, October 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, DRDGOLD presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.25.

DRDGOLD Company Profile

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.