Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Takes Position in DRDGOLD Limited (NYSE:DRD)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new position in DRDGOLD Limited (NYSE:DRD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,909 shares of the basic materials company’s stock, valued at approximately $1,449,000. DRDGOLD comprises approximately 2.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DRD. Public Employees Retirement System of Ohio acquired a new position in shares of DRDGOLD during the 3rd quarter valued at about $431,000. Virtu Financial LLC bought a new stake in DRDGOLD during the third quarter worth approximately $119,000. JPMorgan Chase & Co. grew its holdings in DRDGOLD by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock valued at $899,000 after purchasing an additional 9,765 shares during the last quarter. GAMMA Investing LLC raised its position in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 1,122 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of DRDGOLD during the 4th quarter worth $176,000. Institutional investors own 14.70% of the company’s stock.

DRDGOLD Trading Up 2.6 %

Shares of DRDGOLD stock opened at $14.81 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 11.75 and a beta of 1.09. DRDGOLD Limited has a 1 year low of $7.64 and a 1 year high of $15.25. The company’s fifty day simple moving average is $11.85 and its 200-day simple moving average is $10.54.

DRDGOLD Dividend Announcement

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

Analyst Upgrades and Downgrades

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

DRDGOLD Profile

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.