DRDGOLD (NYSE:DRD) Insider Sells $53,677.56 in Stock

DRDGOLD Limited (NYSE:DRD) insider Kgabo Moloto sold 21,999 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $53,677.56. Following the completion of the transaction, the insider owned 21,999 shares in the company, valued at approximately $53,677.56. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kgabo Moloto also recently made the following trade(s):

• On Tuesday, September 1st, Kgabo Moloto sold 11,586 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $31,861.50.

DRDGOLD Trading Down 6.8%

Shares of DRD opened at $22.64 on Friday. The stock has a fifty day moving average price of $26.06 and a two-hundred day moving average price of $27.62. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37.

DRDGOLD (NYSE:DRD) last released its quarterly 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 during the quarter. Analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of DRDGOLD by 21.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 1,059 shares during the period. Signaturefd LLC lifted its stake in shares of DRDGOLD by 27.9% in the 3rd quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,086 shares during the period. TD Waterhouse Canada Inc. grew its stake in DRDGOLD by 9.7% during the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 2,780 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 worth $4,973,000 after purchasing an additional 5,019 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of DRDGOLD during the 1st quarter worth approximately $154,000. 14.70% of the stock is currently owned by institutional investors.

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.