Sanctuary Advisors LLC Reduces Position in DRDGOLD Limited $DRD

Sanctuary Advisors LLC decreased its holdings in DRDGOLD Limited (NYSE:DRD) by 53.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,202 shares of the basic materials company’s stock after selling 28,067 shares during the quarter. Sanctuary Advisors LLC’s holdings in DRDGOLD were worth $711,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DRD. U S Global Investors Inc. increased its holdings in DRDGOLD by 10.6% during the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock worth $7,212,000 after purchasing an additional 23,512 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of DRDGOLD by 259.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company’s stock valued at $824,000 after buying an additional 20,261 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of DRDGOLD during the 1st quarter valued at approximately $154,000. Cim LLC acquired a new stake in shares of DRDGOLD during the fourth quarter worth approximately $551,000. Finally, XTX Topco Ltd acquired a new stake in shares of DRDGOLD during the fourth quarter worth approximately $475,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DRD shares. Zacks Research lowered shares of DRDGOLD from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. HC Wainwright reiterated a “buy” rating and set a $35.00 price objective on shares of DRDGOLD in a research note on Thursday, July 16th. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of DRDGOLD from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

DRDGOLD Trading Up 0.2%

Shares of DRD opened at $20.98 on Monday. The stock has a 50 day moving average of $23.13 and a 200-day moving average of $28.99. DRDGOLD Limited has a 52 week low of $13.25 and a 52 week high of $39.37.

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.