Lihan Laas Sells 9,029 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Lihan Laas sold 9,029 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total transaction of $24,829.75. Following the completion of the sale, the insider directly owned 9,029 shares of the company’s stock, valued at approximately $24,829.75. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

DRDGOLD Trading Up 4.9%

Shares of DRD traded up $1.39 during trading hours on Thursday, reaching $29.69. 302,032 shares of the company traded hands, compared to its average volume of 330,681. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The company’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $27.12.

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. Sell-side analysts anticipate that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Dividend Announcement

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

Institutional Trading of DRDGOLD

A number of institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new stake in shares of DRDGOLD in the fourth quarter worth approximately $42,000. Farther Finance Advisors LLC raised its holdings 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 during the last quarter. BNP Paribas Financial Markets bought a new position in DRDGOLD during the third quarter valued at approximately $102,000. Smartleaf Asset Management LLC bought a new position in DRDGOLD during the fourth quarter valued at approximately $140,000. Finally, SG Americas Securities LLC purchased a new stake in DRDGOLD in the first quarter worth approximately $154,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DRD. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. HC Wainwright raised 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. Zacks Research lowered shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.00.

About DRDGOLD

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.