Dean Lindecke Sells 20,060 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Dean Lindecke sold 20,060 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total value of $55,165.00. Following the completion of the transaction, the insider directly owned 20,060 shares in the company, valued at approximately $55,165. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

DRDGOLD Stock Performance

Shares of NYSE DRD traded up $1.39 during mid-day trading on Thursday, reaching $29.69. 302,032 shares of the company’s stock were exchanged, compared to its average volume of 330,681. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37. The company’s 50-day moving average is $23.38 and its 200-day moving average is $27.12.

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

DRDGOLD Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 11th will be issued a $0.7379 dividend. This represents a dividend yield of 530.0%. The ex-dividend date is Friday, September 11th.

Institutional Investors Weigh In On DRDGOLD

Several institutional investors have recently modified their holdings of DRD. Banque Cantonale Vaudoise acquired a new position in shares of DRDGOLD during the fourth quarter worth $42,000. Farther Finance Advisors LLC increased its holdings in DRDGOLD by 33.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after buying an additional 566 shares during the last quarter. Osaic Holdings Inc. raised its stake in DRDGOLD by 11.5% in the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock valued at $92,000 after buying an additional 713 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of DRDGOLD during the 3rd quarter worth about $102,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of DRDGOLD in the 4th quarter valued at about $140,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HC Wainwright lifted their price objective on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Zacks Research lowered DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $35.00.

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.