Blue Trust Inc. Increases Holdings in DRDGOLD Limited (NYSE:DRD)

On February 1, 2025, it was reported that Blue Trust Inc. has significantly increased its holdings in DRDGOLD Limited (NYSE:DRD). The company raised its position by 41.3% during the fourth quarter of the year. According to the latest Form 13F filing with the Securities and Exchange Commission (SEC), Blue Trust Inc. now owns 51,056 shares of DRDGOLD, having purchased an additional 14,912 shares during the period. The total value of Blue Trust Inc.’s stake in DRDGOLD at the end of the recent quarter amounted to approximately $441,000.

Other institutional investors have also made changes to their positions in DRDGOLD. For instance, Van ECK Associates Corp increased its stake by 24.2% in the third quarter, now owning 6,621,470 shares valued at around $63,831,000 after acquiring an extra 1,291,541 shares. Additionally, U S Global Investors Inc. entered a new position in DRDGOLD worth about $2,388,000 during the same quarter. Dimensional Fund Advisors LP raised its holdings by a substantial 270.4% in the second quarter, totaling 79,277 shares valued at $683,000, after purchasing 57,875 shares. Moreover, Marshall Wace LLP increased its stake by 34.3% in the second quarter, bringing its total to 208,006 shares worth $1,791,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings by 12.5% in the third quarter, now owning 435,243 shares valued at $4,196,000. Currently, institutional investors and hedge funds collectively hold about 14.70% of DRDGOLD’s stock.

Updated Price Targets by Analysts

In a separate development, the investment firm HC Wainwright adjusted its price target for DRDGOLD from $13.25 to $17.25 and assigned the stock a “buy” rating in a report released on January 22.

Current Stock Performance of DRDGOLD

As of the latest trading day, shares of DRDGOLD Limited opened at $10.04. The stock has a fifty-day simple moving average of $9.33 and a 200-day simple moving average of $9.67. Over the past year, DRDGOLD shares have traded as low as $6.48 and reached a high of $12.70.

About DRDGOLD Limited

DRDGOLD Limited is a gold mining company primarily engaged in the surface gold tailings retreatment business in South Africa. This includes various activities such as exploration, extraction, processing, and smelting of gold. The company is known for recovering gold from surface tailings located in the Witwatersrand basin in Gauteng province. It was previously named Durban Roodepoort Deep Limited before rebranding to DRDGOLD Limited in 2004.

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