U S Global Investors Inc. Sells 56,700 Shares of DRDGOLD Limited $DRD

U S Global Investors Inc. lessened its stake in DRDGOLD Limited (NYSE:DRD) by 21.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 209,055 shares of the basic materials company’s stock after selling 56,700 shares during the quarter. U S Global Investors Inc. owned approximately 0.24% of DRDGOLD worth $5,770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in DRDGOLD by 88.2% in 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 in the last quarter. GAMMA Investing LLC grew its position in shares of DRDGOLD by 29.7% during the second quarter. GAMMA Investing LLC now owns 6,422 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 1,469 shares in the last quarter. Osaic Holdings Inc. increased its holdings 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 worth $92,000 after purchasing an additional 713 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of DRDGOLD in the third quarter worth about $223,000. Finally, Kiker Wealth Management LLC bought a new position in DRDGOLD during the second quarter valued at approximately $142,000. 14.70% of the stock is currently owned by institutional investors.

DRDGOLD Stock Down 2.1%

NYSE:DRD opened at $30.37 on Friday. The business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $22.74. DRDGOLD Limited has a 1 year low of $8.62 and a 1 year high of $34.80.

Analyst Ratings Changes

Several research firms have weighed in on DRD. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday. HC Wainwright boosted their price target on shares of DRDGOLD to $36.25 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, DRDGOLD currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.25.

DRDGOLD Company Profile

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.