DRDGOLD Limited (NYSE:DRD) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of DRDGOLD Limited (NYSE:DRD) by 36.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 679,600 shares of the basic materials company’s stock after purchasing an additional 182,900 shares during the period. American Century Companies Inc. owned 0.79% of DRDGOLD worth $5,851,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in DRDGOLD by 4,107.5% in the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock valued at $50,000 after acquiring an additional 5,997 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in DRDGOLD in the 1st quarter valued at $131,000. Creekmur Asset Management LLC acquired a new position in DRDGOLD in the 4th quarter valued at $216,000. Dynamic Technology Lab Private Ltd raised its holdings in DRDGOLD by 141.7% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 35,280 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 20,686 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in DRDGOLD in the 4th quarter valued at $507,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

DRDGOLD Stock Up 2.5 %

Shares of NYSE DRD opened at $10.17 on Wednesday. DRDGOLD Limited has a 52-week low of $6.48 and a 52-week high of $10.69. The firm has a fifty day moving average of $9.12 and a 200-day moving average of $8.73. The stock has a market capitalization of $879.29 million, a PE ratio of 11.83 and a beta of 1.12.

DRDGOLD Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.1126 per share. The ex-dividend date is 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 payout ratio is currently 19.77%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DRD shares. StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. HC Wainwright lowered their price objective on shares of DRDGOLD from $15.50 to $13.25 and set a “buy” rating for the company in a research note on Thursday, August 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.