Renaissance Technologies LLC raised its stake in shares of DRDGOLD Limited (NYSE:DRD – Free Report) by 58.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 349,645 shares of the basic materials company’s stock after purchasing an additional 128,832 shares during the period. Renaissance Technologies LLC’s holdings in DRDGOLD were worth $10,269,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in DRD. Sei Investments Co. grew its holdings in DRDGOLD by 60.8% during the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after purchasing an additional 30,137 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of DRDGOLD by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after buying an additional 5,019 shares during the last quarter. U S Global Investors Inc. increased its position in DRDGOLD by 10.6% during the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock valued at $7,212,000 after buying an additional 23,512 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in DRDGOLD by 259.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 20,261 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DRDGOLD in the first quarter valued at about $154,000. 14.70% of the stock is owned by institutional investors.
DRDGOLD Price Performance
DRD opened at $20.40 on Monday. The stock’s 50-day moving average price is $22.56 and its 200 day moving average price is $28.57. DRDGOLD Limited has a 12-month low of $13.25 and a 12-month high of $39.37.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on DRDGOLD
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.
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