DRDGOLD (NYSE:DRD) Stock: Insider Kgabo Moloto Sells 21,999 Shares

DRDGOLD Limited (NYSE:DRD) insider Kgabo Moloto sold 21,999 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $53,677.56. Following the sale, the insider directly owned 21,999 shares of the company’s stock, valued at approximately $53,677.56. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kgabo Moloto also recently made the following trade(s):

• On Tuesday, September 1st, Kgabo Moloto sold 11,586 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $31,861.50.

DRDGOLD Trading Down 3.5%

DRDGOLD stock opened at $24.25 on Friday. DRDGOLD Limited has a 12-month low of $19.47 and a 12-month high of $39.37. The firm’s fifty day moving average is $26.20 and its 200 day moving average is $27.67.

DRDGOLD (NYSE:DRD) last posted 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 during the quarter. As a group, equities research analysts predict that DRDGOLD Limited will post 3.12 EPS 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 issued a dividend of $0.7379 per share. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 551.0%.

Analyst Ratings Changes

Several brokerages have recently commented on DRD. HC Wainwright raised their target price 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 raised DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DRDGOLD has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Key DRDGOLD News

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
• Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
• Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
• Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
• Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. Amundi increased its stake in DRDGOLD by 9.1% in the 1st 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 during the last quarter. Renaissance Technologies LLC boosted its stake in shares of DRDGOLD by 58.3% in the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after buying an additional 128,832 shares during the last quarter. U S Global Investors Inc. boosted its stake in shares of DRDGOLD by 10.6% in the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock worth $7,212,000 after buying an additional 23,512 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of DRDGOLD by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after buying an additional 5,019 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of DRDGOLD by 60.8% in the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after acquiring an additional 30,137 shares in the last quarter. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

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.