BB&T Corp Continues to Hold Stake in DRDGOLD Limited (NYSE:DRD)

BB&T Corp continued to hold its position in shares of DRDGOLD Limited (NYSE:DRD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,000 shares of the basic materials company’s stock at the end of the second quarter. BB&T Corp owned about 0.24% of DRDGOLD Limited worth $315,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake in DRDGOLD Limited by 32.5% in the first quarter. Van ECK Associates Corp now owns 7,563,368 shares of the basic materials company’s stock valued at $37,136,000 after buying an additional 1,855,278 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of DRDGOLD Limited by 330.6% in the first quarter. Wells Fargo & Company MN now owns 293,066 shares of the basic materials company’s stock valued at $1,439,000 after buying an additional 225,007 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of DRDGOLD Limited by 414.1% in the first quarter. Goldman Sachs Group Inc. now owns 81,493 shares of the basic materials company’s stock valued at $400,000 after buying an additional 65,641 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of DRDGOLD Limited by 287.8% in the first quarter. Sigma Planning Corp now owns 64,269 shares of the basic materials company’s stock valued at $316,000 after buying an additional 47,696 shares during the last quarter. Finally, Cypress Capital Management LLC WY boosted its stake in shares of DRDGOLD Limited by 57.6% in the first quarter. Cypress Capital Management LLC WY now owns 27,585 shares of the basic materials company’s stock valued at $135,000 after buying an additional 10,085 shares during the last quarter. 26.59% of the stock is currently owned by institutional investors.

DRDGOLD Limited (DRD) remained flat at $3.28 during trading on Friday. 151,667 shares of the company’s stock traded hands. The stock has a market cap of $138.44 million, a price-to-earnings ratio of 39.52 and a beta of -1.96. DRDGOLD Limited has a 12 month low of $2.84 and a 12 month high of $8.53. The stock’s 50-day moving average price is $3.12 and its 200-day moving average price is $4.23.

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Separately, HSBC Holdings plc upgraded shares of DRDGOLD Limited from a “reduce” rating to a “hold” rating in a research note on Monday, May 15th.

About DRDGOLD Limited

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).

Institutional Ownership by Quarter for DRDGOLD Limited (NYSE:DRD)

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