Van ECK Associates Corp raised its stake in shares of DRDGOLD Limited (NYSE:DRD) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,833,208 shares of the basic materials company’s stock after buying an additional 460,792 shares during the period. Van ECK Associates Corp owned 6.71% of DRDGOLD worth $10,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in DRDGOLD by 29.7% during the second quarter. Wells Fargo & Company MN now owns 380,136 shares of the basic materials company’s stock valued at $1,197,000 after buying an additional 87,070 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in DRDGOLD by 262.0% during the second quarter. Goldman Sachs Group Inc. now owns 294,983 shares of the basic materials company’s stock valued at $929,000 after buying an additional 213,490 shares in the last quarter. OxFORD Asset Management LLP bought a new position in DRDGOLD during the second quarter valued at about $187,000. Finally, Marshall Wace North America L.P. bought a new position in DRDGOLD during the second quarter valued at about $101,000. Institutional investors own 20.66% of the company’s stock.

DRDGOLD Limited (NYSE DRD) remained flat at $$3.53 during midday trading on Monday. 36,800 shares of the stock were exchanged, compared to its average volume of 272,139. The company has a current ratio of 2.13, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01. DRDGOLD Limited has a 52 week low of $2.84 and a 52 week high of $6.67.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/van-eck-associates-corp-buys-460792-shares-of-drdgold-limited-drd/1729100.html.

DRDGOLD Company Profile

DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).

Institutional Ownership by Quarter for DRDGOLD (NYSE:DRD)

Receive News & Ratings for DRDGOLD Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.