DRDGOLD (NYSE:DRD) Insider Kevin Kruger Sells 73,830 Shares of Stock

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 73,830 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $180,145.20. Following the sale, the insider directly owned 9,240 shares in the company, valued at approximately $22,545.60. The trade was a 88.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin Kruger also recently made the following trade(s):

• On Tuesday, September 1st, Kevin Kruger sold 7,561 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $20,792.75.

DRDGOLD Price Performance

Shares of NYSE:DRD 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 business has a 50 day moving average of $26.28 and a two-hundred day moving average of $27.71.

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

DRDGOLD Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DRD. Signaturefd LLC grew its position in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,086 shares during the period. SG Americas Securities LLC acquired a new stake in DRDGOLD during the first quarter worth $154,000. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 1,059 shares during the period. Sigma Planning Corp purchased a new stake in DRDGOLD in the third quarter valued at $199,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in DRDGOLD in the third quarter valued at $224,000. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, HC Wainwright boosted 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, DRDGOLD presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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

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.