DRDGOLD (NYSE:DRD) Insider Lihan Laas Sells 14,787 Shares of Stock

DRDGOLD Limited (NYSE:DRD) insider Lihan Laas sold 14,787 shares of DRDGOLD stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $36,080.28. Following the sale, the insider directly owned 14,787 shares in the company, valued at approximately $36,080.28. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lihan Laas also recently made the following trade(s):

• On Tuesday, September 1st, Lihan Laas sold 9,029 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $24,829.75.

DRDGOLD Trading Up 1.3%

DRD opened at $25.15 on Thursday. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37. The business’s 50 day moving average price is $26.28 and its 200 day moving average price is $27.71.

DRDGOLD (NYSE:DRD) last posted its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $188.03 million for the quarter. As a group, analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 11th were paid a $0.7379 dividend. This represents a dividend yield of 551.0%. The ex-dividend date of this dividend was Friday, September 11th.

Analyst Ratings Changes

A number of analysts recently issued reports on DRD shares. HC Wainwright raised their price objective on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Key Headlines Impacting DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 505,368 shares for about $1.23 million at an average price of $2.44. CEO Daniel Pretorius sold 117,980 shares, CFO Henriette Hooijer sold 22,687, and COO Jacobus Schoeman sold 94,575. Several other insiders reduced their holdings by 50% or more, while Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The broad-based selling may create an overhang and raise concerns about insider confidence, although such transactions can also reflect scheduled sales, compensation, taxes or personal liquidity needs. DRDGOLD insider transaction filings

Hedge Funds Weigh In On DRDGOLD

Hedge funds have recently made changes to their positions in the stock. Amundi boosted its position in shares of DRDGOLD by 9.1% during the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock worth $14,911,000 after purchasing an additional 42,342 shares during the period. Renaissance Technologies LLC increased its holdings in DRDGOLD by 58.3% in the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock valued at $10,269,000 after purchasing an additional 128,832 shares during the last quarter. U S Global Investors Inc. raised its position in DRDGOLD by 10.6% in the first quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock valued at $7,212,000 after purchasing an additional 23,512 shares during the period. Dimensional Fund Advisors LP raised its position in DRDGOLD by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock valued at $4,973,000 after purchasing an additional 5,019 shares during the period. Finally, Sei Investments Co. raised its position in DRDGOLD by 60.8% in the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after purchasing an additional 30,137 shares during the period. Hedge funds and other institutional investors own 14.70% of the company’s stock.

About DRDGOLD

DRDGOLD Limited is a South African gold producer focused on the retreatment of surface mine waste. Rather than operating conventional underground mines, the company processes gold-bearing tailings, sand dumps and slimes dams left by historical mining activities, recovering gold and reducing the environmental footprint of legacy mine waste.

DRDGOLD’s principal operations are the Ergo and Far West Gold Recoveries (FWGR) businesses. Ergo processes surface material from areas around Johannesburg and the East Rand, while FWGR operates on the West Rand and Far West Rand.