Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Acquires 20,700 Shares of DRDGOLD Limited $DRD

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its stake in shares of DRDGOLD Limited (NYSE:DRD) by 258.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,700 shares of the basic materials company’s stock after purchasing an additional 20,700 shares during the quarter. DRDGOLD accounts for 2.0% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 21st largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in DRDGOLD were worth $792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new position in DRDGOLD during the second quarter valued at $2,505,000. U S Global Investors Inc. boosted its holdings in shares of DRDGOLD by 91.3% during the 2nd 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of DRDGOLD by 75.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,249 shares of the basic materials company’s stock valued at $3,882,000 after purchasing an additional 124,831 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of DRDGOLD in the first quarter worth about $1,759,000. Finally, Jane Street Group LLC increased its holdings in shares of DRDGOLD by 174.4% in the second quarter. Jane Street Group LLC now owns 124,255 shares of the basic materials company’s stock worth $1,656,000 after purchasing an additional 78,978 shares during the last quarter. Institutional investors own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of DRDGOLD in a research note on Wednesday. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. HC Wainwright raised their target price on shares of DRDGOLD to $36.25 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.25.

DRDGOLD Price Performance

NYSE DRD opened at $37.48 on Friday. The business’s 50 day moving average price is $31.49 and its 200-day moving average price is $24.86. DRDGOLD Limited has a fifty-two week low of $9.62 and a fifty-two week high of $38.20.

About DRDGOLD

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.