DRDGOLD Limited $DRD Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of DRDGOLD Limited (NYSE:DRD) by 60.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,738 shares of the basic materials company’s stock after purchasing an additional 30,137 shares during the quarter. Sei Investments Co. owned approximately 0.09% of DRDGOLD worth $2,342,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DRD. Farther Finance Advisors LLC increased its position in shares of DRDGOLD by 33.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after buying an additional 566 shares in the last quarter. Osaic Holdings Inc. grew its stake in DRDGOLD by 8.1% in the 4th quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 570 shares during the last quarter. Merit Financial Group LLC increased its holdings in DRDGOLD by 7.0% during the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 800 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in DRDGOLD by 3.5% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 26,451 shares of the basic materials company’s stock worth $820,000 after acquiring an additional 895 shares during the last quarter. Finally, Savant Capital LLC raised its position in DRDGOLD by 8.2% during the fourth quarter. Savant Capital LLC now owns 14,777 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 1,123 shares during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Stock Performance

Shares of NYSE:DRD opened at $23.64 on Friday. The business has a 50-day moving average of $22.15 and a two-hundred day moving average of $28.17. DRDGOLD Limited has a 12 month low of $14.52 and a 12 month high of $39.37.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DRD. HC Wainwright reissued a “buy” rating and set a $35.00 price objective on shares of DRDGOLD in a research note on Thursday, July 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Zacks Research downgraded DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DRDGOLD presently has an average rating of “Hold” and a consensus target price of $35.00.

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.