Henriette Hooijer Sells 8,313 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) CFO Henriette Hooijer sold 8,313 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total transaction of $22,860.75. Following the completion of the transaction, the chief financial officer directly owned 172,099 shares in the company, valued at $473,272.25. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

DRDGOLD Trading Up 4.9%

Shares of NYSE:DRD traded up $1.39 during midday trading on Thursday, hitting $29.69. 302,032 shares of the company’s stock were exchanged, compared to its average volume of 330,681. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The stock has a 50 day moving average price of $23.38 and a 200-day moving average price of $27.12.

DRDGOLD (NYSE:DRD) last announced its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The business had revenue of $188.03 million during the quarter. As a group, equities research analysts expect that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, September 21st. Stockholders 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 Trading of DRDGOLD

Several hedge funds have recently added to or reduced their stakes in DRD. Renaissance Technologies LLC grew its position in shares of DRDGOLD by 58.3% during the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock valued at $10,269,000 after acquiring an additional 128,832 shares during the period. Amundi increased 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 purchasing an additional 42,342 shares during the last quarter. ABC Arbitrage SA raised its holdings in shares of DRDGOLD by 107.2% in the 4th quarter. ABC Arbitrage SA now owns 127,033 shares of the basic materials company’s stock worth $3,939,000 after purchasing an additional 65,729 shares during the period. Sei Investments Co. raised its holdings 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 worth $2,342,000 after purchasing an additional 30,137 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in DRDGOLD by 21.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 1,059 shares during the last quarter. Institutional investors own 14.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DRD. HC Wainwright upped their price target on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Zacks Research downgraded shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.