ABC Arbitrage SA Acquires Shares of 132,103 DRDGOLD Limited (NYSE:DRD)

ABC Arbitrage SA acquired a new stake in DRDGOLD Limited (NYSE:DRD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 132,103 shares of the basic materials company’s stock, valued at approximately $1,140,000. ABC Arbitrage SA owned 0.15% of DRDGOLD as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 1,122 shares during the period. Virtu Financial LLC acquired a new position in DRDGOLD in the third quarter valued at $119,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of DRDGOLD during the fourth quarter worth about $176,000. Blue Trust Inc. increased its stake in shares of DRDGOLD by 488.4% during the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after acquiring an additional 30,001 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of DRDGOLD during the third quarter worth about $431,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Trading Down 5.8 %

Shares of DRDGOLD stock opened at $10.34 on Friday. DRDGOLD Limited has a 52-week low of $6.48 and a 52-week high of $12.70. The company’s 50-day simple moving average is $9.58 and its 200-day simple moving average is $9.74.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright boosted their price target on shares of DRDGOLD from $13.25 to $17.25 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd.

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.