DRDGOLD (NYSE:DRD) Insider Mpho Mashatola Sells 13,014 Shares of Company Stock

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 13,014 shares of DRDGOLD stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $31,754.16. Following the sale, the insider owned 55,774 shares in the company, valued at approximately $136,088.56. This represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mpho Mashatola also recently made the following trade(s):

• On Tuesday, September 1st, Mpho Mashatola sold 5,275 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $14,506.25.

DRDGOLD Price Performance

DRD opened at $25.15 on Thursday. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The company’s 50 day moving average price is $26.28 and its two-hundred day moving average price is $27.71.

DRDGOLD (NYSE:DRD) last announced 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. Equities research analysts predict that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, September 11th. This represents a dividend yield of 551.0%.

DRDGOLD News Roundup

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 505,368 shares for about $1.23 million at an average price of $2.44. CEO Daniel Pretorius sold 117,980 shares, CFO Henriette Hooijer sold 22,687, and COO Jacobus Schoeman sold 94,575. Several other insiders reduced their holdings by 50% or more, while Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The broad-based selling may create an overhang and raise concerns about insider confidence, although such transactions can also reflect scheduled sales, compensation, taxes or personal liquidity needs. DRDGOLD insider transaction filings

Institutional Trading of DRDGOLD

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi raised its holdings in 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 purchasing an additional 42,342 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of DRDGOLD by 58.3% in 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 during the period. U S Global Investors Inc. lifted its position in shares of 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 worth $7,212,000 after purchasing an additional 23,512 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of DRDGOLD by 3.1% in the 1st 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 during the period. Finally, Sei Investments Co. boosted its stake in shares of 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 purchasing an additional 30,137 shares during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings upgraded DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Finally, HC Wainwright upped their price target on DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.