OLD Mission Capital LLC Makes New Investment in DRDGOLD Limited (NYSE:DRD)

OLD Mission Capital LLC acquired a new stake in shares of DRDGOLD Limited (NYSE:DRD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 46,643 shares of the basic materials company’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently made changes to their positions in DRD. GAMMA Investing LLC lifted its position in DRDGOLD by 53.0% in the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 1,122 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of DRDGOLD by 9.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,764 shares of the basic materials company’s stock worth $878,000 after purchasing an additional 8,558 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of DRDGOLD in the fourth quarter valued at approximately $98,000. Virtu Financial LLC purchased a new position in shares of DRDGOLD during the third quarter valued at approximately $119,000. Finally, Blue Trust Inc. grew its holdings in DRDGOLD by 41.3% during the fourth quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company’s stock worth $441,000 after buying an additional 14,912 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Trading Down 13.4 %

Shares of DRD opened at $13.55 on Monday. The stock has a 50 day moving average of $12.37 and a 200 day moving average of $10.80. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.75 and a beta of 0.88. DRDGOLD Limited has a 12 month low of $7.64 and a 12 month high of $15.92.

DRDGOLD Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.1628 per share. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, March 14th. DRDGOLD’s dividend payout ratio is presently 19.05%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DRD shares. HC Wainwright dropped their price objective on DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

About DRDGOLD

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.