Ashton Thomas Private Wealth LLC Sells 47,537 Shares of DRDGOLD Limited $DRD

Ashton Thomas Private Wealth LLC lessened its holdings in shares of DRDGOLD Limited (NYSE:DRD) by 61.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,214 shares of the basic materials company’s stock after selling 47,537 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in DRDGOLD were worth $937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of DRDGOLD by 88.2% during the third quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 792 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of DRDGOLD during the third quarter valued at approximately $102,000. Blue Trust Inc. grew its stake in DRDGOLD by 21.8% in the fourth quarter. Blue Trust Inc. now owns 4,476 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 800 shares during the period. Aventura Private Wealth LLC purchased a new stake in DRDGOLD in the fourth quarter worth $151,000. Finally, EverSource Wealth Advisors LLC grew its stake in DRDGOLD by 24.8% in the third quarter. EverSource Wealth Advisors LLC now owns 5,387 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 1,070 shares during the period. Institutional investors own 14.70% of the company’s stock.

DRDGOLD Stock Up 1.7%

Shares of DRD stock opened at $27.16 on Friday. The business’s fifty day moving average is $31.14 and its 200 day moving average is $30.93. DRDGOLD Limited has a twelve month low of $12.75 and a twelve month high of $39.37.

DRDGOLD (NYSE:DRD) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $6.74 earnings per share for the quarter. Analysts forecast that DRDGOLD Limited will post 14.22 EPS for the current fiscal year.

DRDGOLD Announces Dividend

The business also recently announced a dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were issued a $0.3122 dividend. This represents a yield of 207.0%. The ex-dividend date of this dividend was Friday, March 13th.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. HC Wainwright upped their price target on DRDGOLD to $46.50 and gave the stock a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research note on Monday, April 20th. Zacks Research cut DRDGOLD from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen raised DRDGOLD from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

About DRDGOLD

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.