DRDGOLD (NYSE:DRD) COO Jacobus Schoeman Sells 94,575 Shares of Company Stock

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 94,575 shares of the firm’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $230,763.00. Following the completion of the transaction, the chief operating officer directly owned 70,000 shares in the company, valued at approximately $170,800. This represents a 57.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jacobus Schoeman also recently made the following trade(s):

• On Tuesday, September 1st, Jacobus Schoeman sold 19,403 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $53,358.25.

DRDGOLD Stock Performance

Shares of DRDGOLD stock traded up $0.03 on Wednesday, hitting $24.85. 98,527 shares of the company’s stock traded hands, compared to its average volume of 314,106. The firm’s 50-day moving average is $26.26 and its 200 day moving average is $27.74. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37.

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 firm had revenue of $188.03 million during the quarter. On average, analysts expect that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Announces Dividend

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

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of DRDGOLD by 58.3% in the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after buying an additional 128,832 shares during the last quarter. Amundi boosted its stake 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 acquiring an additional 42,342 shares in the last quarter. Sei Investments Co. increased its holdings in shares of DRDGOLD by 60.8% during the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after acquiring an additional 30,137 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of DRDGOLD by 10.6% during 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 acquiring an additional 23,512 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of 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 acquiring an additional 20,261 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

DRDGOLD Company Profile

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.