DRDGOLD (NYSE:DRD) Insider Kgabo Moloto Sells 11,586 Shares of Stock

DRDGOLD Limited (NYSE:DRD) insider Kgabo Moloto sold 11,586 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total value of $31,861.50. Following the completion of the sale, the insider owned 11,586 shares in the company, valued at $31,861.50. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DRDGOLD Price Performance

NYSE:DRD opened at $29.69 on Friday. The company has a 50 day simple moving average of $23.54 and a two-hundred day simple moving average of $27.08. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37.

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

DRDGOLD Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, September 21st. Investors 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%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in 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 boosted their price objective on DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Zacks Research lowered DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.00.

Key Stories Impacting DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: A Mining Weekly article describes the past year as “very good” for DRDGOLD, reinforcing the view that strong gold-market conditions and the company’s operating performance have supported investor interest. It’s been a very good year for DRDGOLD
• Negative Sentiment: Multiple executives and insiders collectively sold 139,080 shares for approximately $382,471 at an average price of $2.75 on September 1. The sales included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman and several other insiders. While these transactions may reflect scheduled or personal portfolio decisions rather than a change in company fundamentals, their breadth—and several large reductions in individual holdings—could pressure sentiment and limit the stock’s upside in the near term. SEC insider transaction filings

Hedge Funds Weigh In On DRDGOLD

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of DRDGOLD by 33.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after buying an additional 566 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of DRDGOLD by 8.1% in the 4th quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 570 shares during the last quarter. Merit Financial Group LLC lifted its position in DRDGOLD by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 800 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its position in DRDGOLD by 3.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 26,451 shares of the basic materials company’s stock valued at $820,000 after acquiring an additional 895 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in DRDGOLD by 21.9% during 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. 14.70% of the stock is currently owned by institutional investors.

DRDGOLD Company Profile

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.