Blue Trust Inc. Sells 28,692 Shares of DRDGOLD Limited (NYSE:DRD)

Blue Trust Inc. trimmed its stake in DRDGOLD Limited (NYSE:DRD) by 79.4% in the 4th quarter, HoldingsChannel reports. The firm owned 7,452 shares of the basic materials company’s stock after selling 28,692 shares during the period. Blue Trust Inc.’s holdings in DRDGOLD were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in DRDGOLD by 53.0% during 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 purchased a new position in shares of DRDGOLD during the 3rd quarter valued at about $119,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of DRDGOLD during the 4th quarter valued at approximately $176,000. Public Employees Retirement System of Ohio bought a new position in shares of DRDGOLD during the 3rd quarter valued at approximately $431,000. Finally, JPMorgan Chase & Co. increased its holdings in DRDGOLD by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock worth $899,000 after acquiring an additional 9,765 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

DRDGOLD Stock Up 3.4 %

NYSE DRD opened at $11.45 on Tuesday. The business has a 50-day moving average price of $9.74 and a 200-day moving average price of $9.80. The firm has a market cap of $989.52 million, a price-to-earnings ratio of 9.08 and a beta of 1.08. DRDGOLD Limited has a twelve month low of $6.48 and a twelve month high of $12.70.

Analysts Set New Price Targets

DRD has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. HC Wainwright lowered their target price on shares of DRDGOLD from $17.25 to $16.25 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

DRDGOLD Company 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.