Campbell & CO Investment Adviser LLC Has $1.03 Million Position in DRDGOLD Limited $DRD

Campbell & CO Investment Adviser LLC lifted its stake in DRDGOLD Limited (NYSE:DRD) by 35.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,106 shares of the basic materials company’s stock after buying an additional 20,053 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in DRDGOLD were worth $1,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DRD. Acadian Asset Management LLC acquired a new stake in shares of DRDGOLD during the 1st quarter worth approximately $2,055,000. U S Global Investors Inc. raised its stake in shares of DRDGOLD by 91.3% in the second quarter. U S Global Investors Inc. now owns 265,755 shares of the basic materials company’s stock valued at $3,543,000 after purchasing an additional 126,804 shares in the last quarter. AQR Capital Management LLC acquired a new stake in DRDGOLD during the first quarter worth $1,759,000. American Century Companies Inc. boosted its stake in DRDGOLD by 5.7% during the first quarter. American Century Companies Inc. now owns 941,915 shares of the basic materials company’s stock worth $14,571,000 after buying an additional 50,810 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in DRDGOLD by 9.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 564,067 shares of the basic materials company’s stock valued at $7,519,000 after buying an additional 49,868 shares during the period. 14.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on DRD shares. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 17th. Zacks Research cut shares of DRDGOLD from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 20th. HC Wainwright lifted their price objective on DRDGOLD to $36.25 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of DRDGOLD in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DRDGOLD presently has a consensus rating of “Hold” and a consensus price target of $36.25.

DRDGOLD Trading Up 4.0%

Shares of DRD opened at $28.70 on Thursday. The stock has a fifty day moving average price of $26.10 and a two-hundred day moving average price of $18.79. DRDGOLD Limited has a 52-week low of $8.38 and a 52-week high of $31.91.

DRDGOLD Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, September 22nd. Stockholders of record on Friday, September 12th were paid a $0.2269 dividend. This represents a dividend yield of 202.0%. This is a boost from DRDGOLD’s previous annual dividend of $0.16. The ex-dividend date was Friday, September 12th.

About DRDGOLD

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.