DRDGOLD Limited $DRD Stock Holdings Lessened by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in DRDGOLD Limited (NYSE:DRD) by 53.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,202 shares of the basic materials company’s stock after selling 28,067 shares during the period. Sanctuary Advisors LLC’s holdings in DRDGOLD were worth $711,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. ABC Arbitrage SA lifted its holdings in DRDGOLD by 107.2% in the fourth quarter. ABC Arbitrage SA now owns 127,033 shares of the basic materials company’s stock worth $3,939,000 after acquiring an additional 65,729 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of DRDGOLD by 5,273.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,568 shares of the basic materials company’s stock valued at $699,000 after purchasing an additional 22,148 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of DRDGOLD during the fourth quarter valued at approximately $308,000. Bank of Montreal Can acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $247,000. Finally, Osaic Holdings Inc. raised its position in shares of DRDGOLD by 8.1% during the 4th quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 570 shares during the period. Institutional investors own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DRD. HC Wainwright reissued a “buy” rating and issued a $35.00 price target on shares of DRDGOLD in a report on Thursday, July 16th. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings lowered DRDGOLD from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Zacks Research cut DRDGOLD from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.00.

DRDGOLD Stock Performance

NYSE DRD opened at $20.98 on Monday. The company has a 50-day moving average price of $23.13 and a two-hundred day moving average price of $28.99. DRDGOLD Limited has a 52 week low of $13.25 and a 52 week high of $39.37.

DRDGOLD Company Profile

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.