DRDGOLD (NYSE:DRD) Insider Kgabo Moloto Sells 21,999 Shares of Company Stock

DRDGOLD Limited (NYSE:DRD) insider Kgabo Moloto sold 21,999 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $53,677.56. Following the sale, the insider owned 21,999 shares of the company’s stock, valued at approximately $53,677.56. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kgabo Moloto also recently made the following trade(s):

• On Tuesday, September 1st, Kgabo Moloto sold 11,586 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $31,861.50.

DRDGOLD Stock Up 1.3%

DRDGOLD stock opened at $25.15 on Thursday. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The stock’s 50 day moving average is $26.28 and its 200-day moving average is $27.71.

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. Research analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

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

Institutional Investors Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 1,059 shares during the period. Signaturefd LLC grew its position in DRDGOLD by 27.9% during the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after buying an additional 1,086 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in DRDGOLD by 9.7% during the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock worth $760,000 after buying an additional 2,780 shares in the last quarter. Dimensional Fund Advisors LP grew its position in DRDGOLD by 3.1% during the first 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in DRDGOLD during the 1st quarter worth $154,000. 14.70% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 505,368 shares for about $1.23 million at an average price of $2.44. CEO Daniel Pretorius sold 117,980 shares, CFO Henriette Hooijer sold 22,687, and COO Jacobus Schoeman sold 94,575. Several other insiders reduced their holdings by 50% or more, while Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The broad-based selling may create an overhang and raise concerns about insider confidence, although such transactions can also reflect scheduled sales, compensation, taxes or personal liquidity needs. DRDGOLD insider transaction filings

Analyst Ratings Changes

A number of research firms have recently weighed in on DRD. HC Wainwright lifted their target price on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

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.