Insider Selling: DRDGOLD (NYSE:DRD) Insider Sells $180,145.20 in Stock

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 73,830 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $180,145.20. Following the completion of the sale, the insider owned 9,240 shares of the company’s stock, valued at $22,545.60. The trade was a 88.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kevin Kruger also recently made the following trade(s):

• On Tuesday, September 1st, Kevin Kruger sold 7,561 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $20,792.75.

DRDGOLD Stock Down 6.8%

Shares of DRD opened at $22.64 on Friday. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The stock’s 50-day moving average price is $26.06 and its two-hundred day moving average price is $27.62.

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

DRDGOLD Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 21st. Investors 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.

Institutional Investors Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in shares of DRDGOLD by 58.3% during the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after purchasing an additional 128,832 shares in the last quarter. Amundi grew its stake in shares of DRDGOLD by 9.1% in the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock valued at $14,911,000 after buying an additional 42,342 shares during the period. Sei Investments Co. increased its position in DRDGOLD by 60.8% in the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after buying an additional 30,137 shares in the last quarter. U S Global Investors Inc. increased its position in DRDGOLD by 10.6% in the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock valued at $7,212,000 after buying an additional 23,512 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in DRDGOLD by 259.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company’s stock valued at $824,000 after buying an additional 20,261 shares in the last quarter. 14.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.