31,245 Shares in DRDGOLD Limited $DRD Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in DRDGOLD Limited (NYSE:DRD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 31,245 shares of the basic materials company’s stock, valued at approximately $862,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of DRDGOLD by 88.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 792 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of DRDGOLD by 24.8% in the third quarter. EverSource Wealth Advisors LLC now owns 5,387 shares of the basic materials company’s stock valued at $149,000 after buying an additional 1,070 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of DRDGOLD by 11.5% in the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock valued at $92,000 after buying an additional 713 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of DRDGOLD during the third quarter valued at approximately $218,000. Finally, Diversified Trust Co purchased a new position in shares of DRDGOLD during the third quarter valued at approximately $223,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Price Performance

DRD opened at $32.83 on Friday. DRDGOLD Limited has a 1 year low of $12.75 and a 1 year high of $39.37. The company’s 50 day simple moving average is $34.50 and its 200 day simple moving average is $29.17.

DRDGOLD Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of DRDGOLD from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Weiss Ratings reissued 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 report on Thursday, February 19th. Finally, HC Wainwright lifted their price objective on DRDGOLD to $46.50 and gave the company a “buy” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, DRDGOLD has a consensus rating of “Buy” and a consensus target price 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.