DRDGOLD Limited (NYSE:DRD) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its stake in shares of DRDGOLD Limited (NYSE:DRD) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158,423 shares of the basic materials company’s stock after selling 2,796 shares during the period. National Bank of Canada FI’s holdings in DRDGOLD were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its position in shares of DRDGOLD by 11.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 17,778 shares of the basic materials company’s stock valued at $153,000 after acquiring an additional 1,802 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 1,840 shares during the period. Blue Trust Inc. boosted 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 purchasing an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of DRDGOLD in the 2nd quarter valued at approximately $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of DRDGOLD by 12.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company’s stock worth $4,196,000 after buying an additional 48,442 shares during the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

DRDGOLD Trading Down 2.2 %

DRDGOLD stock opened at $9.24 on Friday. DRDGOLD Limited has a fifty-two week low of $6.48 and a fifty-two week high of $12.70. The firm has a 50 day moving average price of $10.49 and a 200 day moving average price of $9.55.

Analysts Set New Price Targets

Several research firms have issued reports on DRD. HC Wainwright reissued a “buy” rating and set a $13.25 target price on shares of DRDGOLD in a research note on Friday, October 18th. StockNews.com lowered shares of DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

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.