Van ECK Associates Corp Has $63.83 Million Stock Holdings in DRDGOLD Limited (NYSE:DRD)

Van ECK Associates Corp increased its position in shares of DRDGOLD Limited (NYSE:DRD) by 24.2% in the third quarter, HoldingsChannel reports. The firm owned 6,621,470 shares of the basic materials company’s stock after purchasing an additional 1,291,541 shares during the period. Van ECK Associates Corp owned approximately 0.08% of DRDGOLD worth $63,831,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of 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 buying an additional 1,840 shares in the last quarter. Blue Trust Inc. grew its position in DRDGOLD by 4,107.5% during the 2nd quarter. Blue Trust Inc. now owns 6,143 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 5,997 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in DRDGOLD during the 2nd quarter valued at $86,000. Hennion & Walsh Asset Management Inc. raised its position in DRDGOLD by 11.3% in 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 purchasing an additional 1,802 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in DRDGOLD by 270.4% in the second quarter. Dimensional Fund Advisors LP now owns 79,277 shares of the basic materials company’s stock worth $683,000 after purchasing an additional 57,875 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DRD. HC Wainwright restated a “buy” rating and issued a $13.25 target price on shares of DRDGOLD in a research note on Friday, October 18th. StockNews.com cut shares of DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

DRDGOLD Stock Performance

DRDGOLD stock opened at $11.99 on Monday. DRDGOLD Limited has a 1 year low of $6.48 and a 1 year high of $12.70. The company’s 50-day moving average is $9.91 and its two-hundred day moving average is $9.24.

DRDGOLD Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.1126 dividend. The ex-dividend date was Friday, September 13th. This is a boost from DRDGOLD’s previous semi-annual dividend of $0.11. This represents a yield of 1.9%.

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.