DRDGOLD (NYSE:DRD) Stock: Insider Daniel Pretorius Sells 117,980 Shares

DRDGOLD Limited (NYSE:DRD) CEO Daniel Pretorius sold 117,980 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $287,871.20. Following the transaction, the chief executive officer directly owned 1,144,012 shares of the company’s stock, valued at $2,791,389.28. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Pretorius also recently made the following trade(s):

• On Tuesday, September 1st, Daniel Pretorius sold 35,537 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $97,726.75.

DRDGOLD Price Performance

Shares of DRDGOLD stock opened at $24.25 on Friday. The business’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $27.67. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37.

DRDGOLD (NYSE:DRD) last released its quarterly 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 analysts forecast that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 11th were given a $0.7379 dividend. This represents a dividend yield of 551.0%. The ex-dividend date of this dividend was Friday, September 11th.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. HC Wainwright increased their target price on shares of DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research raised shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, DRDGOLD has an average rating of “Moderate Buy” and an average price target of $35.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DRD. Amundi boosted its holdings in shares of DRDGOLD by 9.1% in the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock valued at $14,911,000 after buying an additional 42,342 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of DRDGOLD by 58.3% in the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock valued at $10,269,000 after buying an additional 128,832 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of DRDGOLD by 10.6% in the first quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock valued at $7,212,000 after buying an additional 23,512 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DRDGOLD by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock valued at $4,973,000 after buying an additional 5,019 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in DRDGOLD by 60.8% during the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock worth $2,342,000 after buying an additional 30,137 shares during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD News Roundup

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
• Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
• Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
• Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
• Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.

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.