New York State Common Retirement Fund Purchases New Holdings in DRDGOLD Limited $DRD

New York State Common Retirement Fund acquired a new stake in shares of DRDGOLD Limited (NYSE:DRD) in the third quarter, HoldingsChannel reports. The fund acquired 13,973 shares of the basic materials company’s stock, valued at approximately $386,000.

A number of other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in DRDGOLD during the 1st quarter worth $1,759,000. Savant Capital LLC bought a new position in shares of DRDGOLD during the second quarter worth about $182,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in DRDGOLD by 9.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 564,067 shares of the basic materials company’s stock worth $7,519,000 after purchasing an additional 49,868 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in DRDGOLD by 35.1% in the second quarter. Campbell & CO Investment Adviser LLC now owns 77,106 shares of the basic materials company’s stock valued at $1,028,000 after buying an additional 20,053 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in DRDGOLD by 42.2% during the second quarter. Rathbones Group PLC now owns 23,575 shares of the basic materials company’s stock valued at $314,000 after buying an additional 7,000 shares in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. HC Wainwright upped their price target on shares of DRDGOLD to $46.50 and gave the stock a “buy” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.50.

DRDGOLD Trading Up 4.2%

Shares of DRD opened at $36.35 on Thursday. The company has a 50-day moving average of $33.09 and a two-hundred day moving average of $26.82. DRDGOLD Limited has a one year low of $10.17 and a one year high of $39.37.

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.