U S Global Investors Inc. Invests $2.15 Million in DRDGOLD Limited (NYSE:DRD)

U S Global Investors Inc. bought a new position in DRDGOLD Limited (NYSE:DRD) during the first quarter, HoldingsChannel.com reports. The fund bought 138,951 shares of the basic materials company’s stock, valued at approximately $2,150,000.

A number of other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of DRDGOLD by 72.9% in the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company’s stock worth $7,690,000 after acquiring an additional 375,705 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of DRDGOLD by 15.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,100 shares of the basic materials company’s stock worth $4,333,000 after acquiring an additional 66,857 shares during the last quarter. Invesco Ltd. grew its stake in shares of DRDGOLD by 8.1% in the fourth quarter. Invesco Ltd. now owns 266,360 shares of the basic materials company’s stock worth $2,299,000 after acquiring an additional 20,000 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of DRDGOLD in the fourth quarter worth $1,449,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of DRDGOLD in the fourth quarter worth $1,045,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised DRDGOLD from a “buy” rating to a “strong-buy” rating in a report on Friday.

DRDGOLD Price Performance

Shares of NYSE:DRD opened at $12.98 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of 10.30 and a beta of 0.37. DRDGOLD Limited has a 1 year low of $7.64 and a 1 year high of $17.60. The stock’s fifty day moving average price is $14.68 and its 200-day moving average price is $12.67.

DRDGOLD 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.