U S Global Investors Inc. Takes Position in DRDGOLD Limited (NYSE:DRD)

U S Global Investors Inc. bought a new position in shares of DRDGOLD Limited (NYSE:DRD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 247,744 shares of the basic materials company’s stock, valued at approximately $2,388,000. U S Global Investors Inc. owned 0.29% of DRDGOLD at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 1,840 shares during the period. Blue Trust Inc. grew its stake in shares of DRDGOLD by 4,107.5% in the second quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after buying an additional 5,997 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of DRDGOLD in the second quarter valued at about $86,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of DRDGOLD in the first quarter valued at about $131,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of DRDGOLD by 270.4% in the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock valued at $683,000 after buying an additional 57,875 shares in the last quarter. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

DRDGOLD Stock Up 1.1 %

Shares of DRD traded up $0.14 during mid-day trading on Tuesday, hitting $12.42. The stock had a trading volume of 42,464 shares, compared to its average volume of 315,175. The company has a market cap of $1.07 billion, a PE ratio of 14.44 and a beta of 1.13. The company’s fifty day simple moving average is $9.40 and its two-hundred day simple moving average is $9.02. DRDGOLD Limited has a fifty-two week low of $6.48 and a fifty-two week high of $12.63.

DRDGOLD Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a dividend of $0.1126 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from DRDGOLD’s previous semi-annual dividend of $0.11. This represents a dividend yield of 1.9%. DRDGOLD’s dividend payout ratio (DPR) is 20.00%.

Wall Street Analysts Forecast Growth

DRD has been the subject of a number of recent research reports. HC Wainwright reiterated a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a research note on Friday. StockNews.com lowered DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

DRDGOLD Company Profile

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.