Van Eck Associates Files SC 13D for DRDGOLD Ltd.

TL;DR

**Van Eck Associates filed a 13D for DRDGOLD Ltd. on 11/14/24. Ownership change.**

AI Summary

Van Eck Associates Corp. filed an SC 13D on November 14, 2024, indicating a change in its beneficial ownership of DRDGOLD Ltd. (ADR) common shares as of September 30, 2024. The filing is made under Rule 13d-1(b) of the Securities Exchange Act of 1934.

Why It Matters

This filing signals a potential shift in major shareholding for DRDGOLD Ltd., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — SC 13D filings often indicate significant stake changes by institutional investors, which can lead to increased volatility.

Key Players & Entities

• Van Eck Associates Corp. (company) — Filer of the SC 13D
• DRDGOLD Ltd. (ADR) (company) — Subject company
• Securities Exchange Act of 1934 (legal_document) — Governing regulation for the filing

FAQ

Filing Documents

• drdgoldltd13g.htm (SC 13D) — 88KB
• 0000869178-24-000028.txt ( ) — 89KB

(a)

Item 1. (a) Name of Issuer DRDGOLD Ltd.

(b)

Item 1. (b) Address of Issuer's Principal Executive Offices 45 EMPIRE ROAD, PARKTOWN, JOHANNESBURG, South Africa, 2193

(a)

Item 2. (a) Name of Person Filing Van Eck Associates Corporation

(b)

Item 2. (b) Address of Principal Business Office or, if none, Residence 666 Third Ave. - 9th Floor, New York, New York 10017

(c)

Item 2. (c) Citizenship or Place of Organization: Delaware

(d)

Item 2. (d) Title of Class of Securities Common Shares

(e)

Item 2. (e) CUSIP Number Not Applicable Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Page 3 of 5 pages Item 4. (a) Amount beneficially owned: 66,867,050 Common Shares (b) Percent of class: 7.73 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 66,831,438 Common Shares (ii) Shared power to vote or to direct the vote None (iii) Sole power to dispose or to direct the disposition of 66,867,050 Common Shares (iv) Shared power to dispose or to direct the disposition of None Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ ] Item 6. Not appli

View Full Filing

View this SC 13D filing on SEC EDGAR