Renaissance Technologies LLC Has $5.18 Million Stock Position in DRDGOLD Limited (NYSE:DRD)

Renaissance Technologies LLC reduced its stake in DRDGOLD Limited (NYSE:DRD – Get Rating) by 12.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,514 shares of the basic materials company’s stock after selling 133,033 shares during the quarter. Renaissance Technologies LLC’s holdings in DRDGOLD were worth $5,184,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DRD. Sargent Bickham Lagudis LLC acquired a new position in shares of DRDGOLD during the 3rd quarter worth about $34,000. Creative Planning bought a new position in DRDGOLD in the 3rd quarter valued at approximately $59,000. Envestnet Asset Management Inc. raised its stake in shares of DRDGOLD by 37.2% during the first quarter. Envestnet Asset Management Inc. now owns 39,775 shares of the basic materials company’s stock valued at $373,000 after acquiring an additional 10,779 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of DRDGOLD during the third quarter valued at $62,000. Finally, Quadrant Capital Group LLC raised its stake in shares of DRDGOLD by 621.5% during the third quarter. Quadrant Capital Group LLC now owns 15,376 shares of the basic materials company’s stock valued at $84,000 after acquiring an additional 13,245 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their price target on shares of DRDGOLD from $15.25 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 16th.

DRDGOLD Stock Performance

Shares of DRD stock opened at $7.30 on Friday. The company has a quick ratio of 4.30, a current ratio of 4.92 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $7.83 and its two-hundred day simple moving average is $6.61. DRDGOLD Limited has a 52 week low of $4.66 and a 52 week high of $10.50.

DRDGOLD Increases Dividend

The business also recently declared a — dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Friday, March 10th will be paid a $0.2212 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend is Thursday, March 9th. This is a boost from DRDGOLD’s previous — dividend of $0.14.

About DRDGOLD

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DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields.