DRDGOLD (NYSE:DRD) Insider Sells $20,466.72 in Stock

DRDGOLD Limited (NYSE:DRD) insider Ryno Bornman sold 8,388 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $20,466.72. Following the transaction, the insider owned 16,959 shares in the company, valued at approximately $41,379.96. The trade was a 33.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ryno Bornman also recently made the following trade(s):

• On Tuesday, September 1st, Ryno Bornman sold 5,490 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $15,097.50.

DRDGOLD Stock Performance

DRDGOLD stock opened at $22.64 on Friday. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37. The firm has a 50 day moving average price of $26.06 and a 200 day moving average price of $27.62.

DRDGOLD (NYSE:DRD) last issued its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 EPS for the quarter. The company had revenue of $188.03 million for the quarter. Equities research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal 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 paid 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DRD. Kingswood Wealth Advisors LLC purchased a new stake in DRDGOLD during the third quarter worth approximately $224,000. Sigma Planning Corp acquired a new stake in shares of DRDGOLD in the third quarter worth $199,000. Signaturefd LLC increased its position in shares of 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 in the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of DRDGOLD in the 3rd quarter valued at $240,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of DRDGOLD by 9.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock valued at $760,000 after acquiring an additional 2,780 shares during the period. 14.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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