Mpho Mashatola Sells 5,275 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 5,275 shares of DRDGOLD stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total value of $14,506.25. Following the transaction, the insider owned 39,868 shares in the company, valued at approximately $109,637. This represents a 11.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DRDGOLD Trading Up 4.9%

Shares of DRD stock traded up $1.39 on Thursday, hitting $29.69. 302,032 shares of the stock traded hands, compared to its average volume of 330,681. DRDGOLD Limited has a twelve month low of $19.47 and a twelve month high of $39.37. The firm’s 50-day moving average price is $23.38 and its two-hundred day moving average price is $27.12.

DRDGOLD (NYSE:DRD) last released its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $188.03 million for the quarter. As a group, equities analysts predict 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 will be paid on Monday, September 21st. Stockholders of record on Friday, September 11th will be given a dividend of $0.7379 per share. This represents a dividend yield of 530.0%. The ex-dividend date of this dividend is Friday, September 11th.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research lowered shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. 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 research note on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, DRDGOLD currently has an average rating of “Hold” and an average target price of $35.00.

Institutional Investors Weigh In On DRDGOLD

Several institutional investors and hedge funds have recently modified their holdings of DRD. Farther Finance Advisors LLC lifted its stake in DRDGOLD by 33.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 566 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in DRDGOLD by 8.1% during the 4th quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock valued at $235,000 after acquiring an additional 570 shares during the period. Merit Financial Group LLC grew its position in DRDGOLD by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 800 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in DRDGOLD by 3.5% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 26,451 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 895 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in DRDGOLD by 21.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 1,059 shares during the period. Hedge funds and other institutional investors own 14.70% of the company’s stock.

About DRDGOLD

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.