DRDGOLD (NYSE:DRD) Insider Henry Gouws Sells 16,826 Shares of Stock

DRDGOLD Limited (NYSE:DRD) insider Henry Gouws sold 16,826 shares of DRDGOLD stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total value of $46,271.50. Following the completion of the sale, the insider owned 3,050 shares of the company’s stock, valued at $8,387.50. This trade represents a 84.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DRDGOLD Trading Up 4.9%

Shares of NYSE DRD traded up $1.39 on Thursday, reaching $29.69. 302,032 shares of the company traded hands, compared to its average volume of 330,681. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The company has a 50 day moving average of $23.38 and a 200 day moving average of $27.12.

DRDGOLD (NYSE:DRD) last issued its quarterly 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 for the quarter. As a group, equities analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Announces Dividend

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

Institutional Investors Weigh In On DRDGOLD

Several large investors have recently made changes to their positions in DRD. Banque Cantonale Vaudoise purchased a new position in shares of DRDGOLD in the 4th quarter valued at $42,000. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 566 shares during the period. Osaic Holdings Inc. boosted its position in DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 713 shares during the period. BNP Paribas Financial Markets acquired a new stake in DRDGOLD in the 3rd quarter valued at $102,000. Finally, Smartleaf Asset Management LLC acquired a new stake in DRDGOLD in the 4th quarter valued at $140,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DRDGOLD in a report on Monday, August 3rd. Zacks Research downgraded DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.