DRDGOLD (NYSE:DRD) Insider Dean Lindecke Sells 20,060 Shares

DRDGOLD Limited (NYSE:DRD) insider Dean Lindecke sold 20,060 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total transaction of $55,165.00. Following the transaction, the insider owned 20,060 shares in the company, valued at $55,165. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

DRDGOLD Stock Performance

Shares of DRD opened at $29.69 on Friday. The company has a 50-day simple moving average of $23.54 and a two-hundred day simple moving average of $27.08. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37.

DRDGOLD (NYSE:DRD) last posted its 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 for the quarter. As a group, equities research analysts predict that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On DRDGOLD

A number of hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of DRDGOLD by 33.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 566 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of DRDGOLD by 8.1% during the fourth quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 570 shares during the last quarter. Merit Financial Group LLC lifted its position in DRDGOLD by 7.0% during the third quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 800 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in DRDGOLD by 3.5% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 26,451 shares of the basic materials company’s stock valued at $820,000 after purchasing an additional 895 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in DRDGOLD by 21.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 1,059 shares during the period. Institutional investors own 14.70% of the company’s stock.

DRDGOLD News Summary

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: A Mining Weekly article describes the past year as “very good” for DRDGOLD, reinforcing the view that strong gold-market conditions and the company’s operating performance have supported investor interest. It’s been a very good year for DRDGOLD
• Negative Sentiment: Multiple executives and insiders collectively sold 139,080 shares for approximately $382,471 at an average price of $2.75 on September 1. The sales included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman and several other insiders. While these transactions may reflect scheduled or personal portfolio decisions rather than a change in company fundamentals, their breadth—and several large reductions in individual holdings—could pressure sentiment and limit the stock’s upside in the near term. SEC insider transaction filings

DRDGOLD Company Profile

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.