DRDGOLD Limited $DRD Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in DRDGOLD Limited (NYSE:DRD) by 60.8% during the first quarter, HoldingsChannel.com reports. The fund owned 79,738 shares of the basic materials company’s stock after purchasing an additional 30,137 shares during the quarter. Sei Investments Co.’s holdings in DRDGOLD were worth $2,342,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DRD. ABC Arbitrage SA increased its holdings in DRDGOLD by 107.2% in the 4th quarter. ABC Arbitrage SA now owns 127,033 shares of the basic materials company’s stock valued at $3,939,000 after purchasing an additional 65,729 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of DRDGOLD by 5,273.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,568 shares of the basic materials company’s stock worth $699,000 after purchasing an additional 22,148 shares in the last quarter. U S Global Investors Inc. lifted its stake in shares of DRDGOLD by 6.2% during the fourth quarter. U S Global Investors Inc. now owns 222,033 shares of the basic materials company’s stock worth $6,885,000 after purchasing an additional 12,978 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of DRDGOLD by 3,764.0% in the third quarter. Raymond James Financial Inc. now owns 7,303 shares of the basic materials company’s stock worth $202,000 after buying an additional 7,114 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of DRDGOLD in the third quarter worth about $200,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Price Performance

NYSE:DRD opened at $23.64 on Friday. The firm has a 50-day moving average of $22.15 and a two-hundred day moving average of $28.17. DRDGOLD Limited has a 1-year low of $14.52 and a 1-year high of $39.37.

Analyst Ratings Changes

DRD has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Zacks Research cut DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, DRDGOLD presently has a consensus rating of “Hold” and a consensus target price of $35.00.

DRDGOLD 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.