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

DRDGOLD Limited (NYSE:DRD) insider Kgabo Moloto sold 21,999 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $53,677.56. Following the sale, the insider owned 21,999 shares of the company’s stock, valued at approximately $53,677.56. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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

DRDGOLD Stock Up 0.1%

Shares of NYSE:DRD traded up $0.03 during midday trading on Wednesday, reaching $24.85. The company’s stock had a trading volume of 98,527 shares, compared to its average volume of 314,106. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The firm has a 50 day moving average price of $26.26 and a two-hundred day moving average price of $27.74.

DRDGOLD (NYSE:DRD) last issued 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 earnings per share for the current year.

DRDGOLD Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. HC Wainwright upped their price target on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Two investment 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 currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Hedge Funds Weigh In On DRDGOLD

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of DRDGOLD by 21.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after buying an additional 1,059 shares during the last quarter. Signaturefd LLC raised its position in 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 buying an additional 1,086 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in DRDGOLD by 9.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 2,780 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in DRDGOLD by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock valued at $4,973,000 after acquiring an additional 5,019 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in DRDGOLD during the 1st quarter valued at $154,000. Institutional investors own 14.70% of the company’s stock.

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.