American Century Companies Inc. Sells 176,483 Shares of DRDGOLD Limited $DRD

American Century Companies Inc. cut its position in shares of DRDGOLD Limited (NYSE:DRD) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 769,462 shares of the basic materials company’s stock after selling 176,483 shares during the quarter. American Century Companies Inc. owned 0.89% of DRDGOLD worth $21,237,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DRD. Osaic Holdings Inc. grew its holdings in shares of DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 713 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 valued at $47,000 after buying an additional 792 shares during the period. Merit Financial Group LLC lifted its holdings in shares of DRDGOLD by 7.0% during the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 800 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of DRDGOLD by 24.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 5,387 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 1,070 shares during the period. Finally, GAMMA Investing LLC increased its stake in DRDGOLD by 26.3% in the third quarter. GAMMA Investing LLC now owns 8,113 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 1,691 shares during the period. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Trading Up 2.9%

Shares of NYSE DRD opened at $33.89 on Tuesday. DRDGOLD Limited has a 12-month low of $12.75 and a 12-month high of $39.37. The firm’s 50-day simple moving average is $34.56 and its 200 day simple moving average is $29.49.

DRDGOLD Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.3122 per share. This represents a dividend yield of 174.0%. The ex-dividend date is Friday, March 13th.

Analyst Upgrades and Downgrades

DRD has been the topic of a number of recent research reports. HC Wainwright lifted their price objective on DRDGOLD to $46.50 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research note on Wednesday, January 21st. Zacks Research upgraded DRDGOLD from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Finally, Wall Street Zen raised shares of DRDGOLD from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $46.50.

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.