Y Intercept Hong Kong Ltd Makes New Investment in DRDGOLD Limited $DRD

Y Intercept Hong Kong Ltd bought a new position in DRDGOLD Limited (NYSE:DRD) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 34,504 shares of the basic materials company’s stock, valued at approximately $952,000.

Other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. boosted its position in DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 713 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of DRDGOLD by 88.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 792 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of DRDGOLD by 7.0% during the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock worth $339,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of DRDGOLD by 26.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,113 shares of the basic materials company’s stock worth $224,000 after buying an additional 1,691 shares during the period. Finally, American Century Companies Inc. boosted its stake in DRDGOLD by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 945,945 shares of the basic materials company’s stock valued at $12,609,000 after purchasing an additional 4,030 shares during the period. 14.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research note on Wednesday, January 21st. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, HC Wainwright lifted their price target on DRDGOLD to $46.50 and gave the company a “buy” rating in a report on Friday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

DRDGOLD Stock Down 10.3%

Shares of DRD stock opened at $31.82 on Monday. The stock has a 50-day moving average of $32.37 and a 200-day moving average of $25.83. DRDGOLD Limited has a one year low of $10.01 and a one year 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.