Today, 10,000 Shares of DRDGOLD Ltd. (DRD) are sold by BB&T Corp

Today, 10,000 Shares of DRDGOLD Ltd. (DRD) are sold by BB&T Corp

BB&T Corp decreased its position in DRDGOLD Ltd. (NYSE:DRD) by 9.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company’s stock after selling 10,000 shares during the period. BB&T Corp owned about 0.24% of DRDGOLD worth $495,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in shares of DRDGOLD by 56.0% in the second quarter. Acadian Asset Management LLC now owns 955,943 shares of the company’s stock worth $5,639,000 after buying an additional 343,210 shares during the period. Ruffer LLP bought a new stake in shares of DRDGOLD during the second quarter worth approximately $4,283,000. Nationwide Fund Advisors boosted its position in DRDGOLD by 29.9% in the second quarter. Nationwide Fund Advisors now owns 191,000 shares of the company’s stock worth $1,127,000 after buying an additional 44,000 shares during the last quarter. Navellier & Associates Inc acquired a new position in DRDGOLD during the second quarter worth about $562,000. Finally, Allianz Asset Management AG acquired a new position in DRDGOLD during the second quarter worth about $445,000. Institutional investors own 9.62% of the company’s stock.

DRDGOLD Ltd. (NYSE:DRD) opened at 4.25 on Friday. The firm has a market capitalization of $179.38 million, a PE ratio of 42.08 and a beta of -1.25. The firm has a 50-day moving average price of $4.69 and a 200-day moving average price of $5.81. DRDGOLD Ltd. has a 1-year low of $1.34 and a 1-year high of $9.10.

Separately, HSBC cut DRDGOLD from a “buy” rating to a “hold” rating in a research note on Tuesday, August 30th.

DRDGOLD Company Profile

DRDGOLD Limited is a gold mining company. The Company is engaged in gold production by tailings retreatment. The Company is focused on the recovery of lower-risk, higher-margin ounces primarily from its metallurgical plant located approximately 50 kilometers east of Johannesburg in Brakpan. The Company owns approximately 100% of its holding company, Ergo Mining Operations Proprietary Limited (EMO).

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