Sigma Planning Corp lowered its stake in DRDGOLD Limited (NYSE:DRD) by 42.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,125 shares of the basic materials company’s stock after selling 27,144 shares during the period. Sigma Planning Corp owned about 0.09% of DRDGOLD Limited worth $117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Navellier & Associates Inc increased its position in shares of DRDGOLD Limited by 2.4% in the first quarter. Navellier & Associates Inc now owns 55,206 shares of the basic materials company’s stock valued at $271,000 after buying an additional 1,319 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of DRDGOLD Limited by 330.6% in the first quarter. Wells Fargo & Company MN now owns 293,066 shares of the basic materials company’s stock valued at $1,439,000 after buying an additional 225,007 shares during the last quarter. Van ECK Associates Corp increased its position in shares of DRDGOLD Limited by 32.5% in the first quarter. Van ECK Associates Corp now owns 7,563,368 shares of the basic materials company’s stock valued at $37,136,000 after buying an additional 1,855,278 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of DRDGOLD Limited by 414.1% in the first quarter. Goldman Sachs Group Inc. now owns 81,493 shares of the basic materials company’s stock valued at $400,000 after buying an additional 65,641 shares during the last quarter. 26.60% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Limited (NYSE DRD) opened at 3.23 on Monday. The firm’s 50-day moving average price is $3.11 and its 200 day moving average price is $4.15. DRDGOLD Limited has a one year low of $2.84 and a one year high of $8.15. The firm has a market capitalization of $136.33 million, a P/E ratio of 39.39 and a beta of -1.96.

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Separately, HSBC Holdings plc raised DRDGOLD Limited from a “reduce” rating to a “hold” rating in a report on Friday, May 5th.

About DRDGOLD Limited

DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).

Institutional Ownership by Quarter for DRDGOLD Limited (NYSE:DRD)

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