DRDGOLD (NYSE:DRD) Insider Sells $31,754.16 in Stock

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 13,014 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $31,754.16. Following the completion of the sale, the insider directly owned 55,774 shares of the company’s stock, valued at $136,088.56. The trade was a 18.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mpho Mashatola also recently made the following trade(s):

• On Tuesday, September 1st, Mpho Mashatola sold 5,275 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $14,506.25.

DRDGOLD Stock Performance

Shares of NYSE DRD traded down $0.18 during midday trading on Wednesday, reaching $24.64. 144,312 shares of the company were exchanged, compared to its average volume of 314,268. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37. The stock has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $27.74.

DRDGOLD (NYSE:DRD) last posted its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The company had revenue of $188.03 million for the quarter. On average, equities research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Announces Dividend

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

Institutional Trading of DRDGOLD

Several hedge funds have recently modified their holdings of DRD. Amundi boosted its stake in shares of DRDGOLD by 9.1% in the first 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 in the last quarter. Renaissance Technologies LLC grew its holdings in DRDGOLD by 58.3% during the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after acquiring an additional 128,832 shares during the period. U S Global Investors Inc. raised its position in 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 worth $7,212,000 after acquiring an additional 23,512 shares in the last quarter. Dimensional Fund Advisors LP raised its position in DRDGOLD by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after acquiring an additional 5,019 shares in the last quarter. Finally, Sei Investments Co. raised its position in DRDGOLD by 60.8% in the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock worth $2,342,000 after acquiring an additional 30,137 shares in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

DRDGOLD News Roundup

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 492,354 shares for about $1.20 million. The selling included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman, and several other insiders. SEC insider-trading filing
• Negative Sentiment: The transactions reduced ownership substantially for several sellers: Pretorius cut his stake by 9.35%, Hooijer by 10.20%, and Schoeman by 57.47%. Other insiders reduced their holdings by 33% to nearly 97%, with Henry Gouws retaining only 3,050 shares and Kevin Kruger retaining 9,240 shares.
• Neutral Sentiment: The filings do not explain why the shares were sold, so the transactions may reflect personal liquidity needs, compensation-related activity, or portfolio diversification rather than a change in the company’s operating outlook. However, the broad participation by senior management and other insiders is likely to weigh on investor sentiment in the near term.

Analyst Ratings Changes

A number of equities analysts have commented on DRD shares. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. HC Wainwright lifted their target price on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.