DRDGOLD (NYSE:DRD) Stock: Insider Jacobus Schoeman Sells 94,575 Shares

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 94,575 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $230,763.00. Following the sale, the chief operating officer owned 70,000 shares in the company, valued at approximately $170,800. This trade represents a 57.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jacobus Schoeman also recently made the following trade(s):

• On Tuesday, September 1st, Jacobus Schoeman sold 19,403 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $53,358.25.

DRDGOLD Trading Down 3.5%

Shares of DRD opened at $24.25 on Friday. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37. The stock has a 50-day simple moving average of $26.20 and a 200-day simple moving average of $27.67.

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

DRDGOLD Dividend Announcement

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

Key Headlines Impacting DRDGOLD

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.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DRD shares. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. HC Wainwright upped their price objective on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Wall Street Zen cut 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Hedge Funds Weigh In On DRDGOLD

A number of hedge funds have recently modified their holdings of DRD. EverSource Wealth Advisors LLC raised its position in DRDGOLD by 21.9% in the 1st 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. Signaturefd LLC grew its position in DRDGOLD by 27.9% during the 3rd quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,086 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in DRDGOLD by 9.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 2,780 shares during the last quarter. Dimensional Fund Advisors LP grew its position in DRDGOLD by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after purchasing an additional 5,019 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in DRDGOLD in the first quarter valued at $154,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

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.