DRDGOLD (NYSE:DRD) Insider Sells $119,433.12 in Stock

DRDGOLD Limited (NYSE:DRD) insider Dean Lindecke sold 48,948 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $119,433.12. Following the completion of the sale, the insider owned 48,948 shares in the company, valued at approximately $119,433.12. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dean Lindecke also recently made the following trade(s):

• On Tuesday, September 1st, Dean Lindecke sold 20,060 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $55,165.00.

DRDGOLD Stock Performance

Shares of NYSE DRD opened at $22.64 on Friday. DRDGOLD Limited has a 12-month low of $19.47 and a 12-month high of $39.37. The firm’s 50-day moving average price is $26.06 and its 200-day moving average price is $27.62.

DRDGOLD (NYSE:DRD) last released 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 during the quarter. Analysts anticipate that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

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

Institutional Trading of DRDGOLD

A number of hedge funds and other institutional investors have recently bought and sold shares of DRD. Amundi increased its stake in DRDGOLD by 9.1% in the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock worth $14,911,000 after buying an additional 42,342 shares during the period. Renaissance Technologies LLC raised its position in 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 purchasing an additional 128,832 shares in the last quarter. U S Global Investors Inc. lifted its holdings in shares of DRDGOLD by 10.6% in the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock worth $7,212,000 after buying an additional 23,512 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of DRDGOLD by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after buying an additional 5,019 shares during the period. Finally, Sei Investments Co. lifted 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 buying an additional 30,137 shares during the period. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DRD. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. HC Wainwright increased their price target on DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Wall Street Zen downgraded 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. Based on data from MarketBeat, DRDGOLD currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.