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

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 73,830 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $180,145.20. Following the completion of the sale, the insider directly owned 9,240 shares in the company, valued at $22,545.60. This represents a 88.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $20,792.75.

DRDGOLD Trading Up 0.1%

NYSE:DRD traded up $0.03 during mid-day trading on Wednesday, hitting $24.85. 98,527 shares of the company’s stock were exchanged, compared to its average volume of 314,106. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37. The business has a fifty day moving average price of $26.26 and a 200 day moving average price of $27.74.

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

DRDGOLD Announces Dividend

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

Institutional Trading of DRDGOLD

A number of hedge funds and other institutional investors have recently bought and sold shares of DRD. Signaturefd LLC raised its stake 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 buying an additional 1,086 shares during the period. SG Americas Securities LLC bought a new position in shares of DRDGOLD during the 1st quarter valued at approximately $154,000. EverSource Wealth Advisors LLC increased its holdings in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 1,059 shares in the last quarter. Sigma Planning Corp purchased a new stake in DRDGOLD in the 3rd quarter worth approximately $199,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in DRDGOLD during the 3rd quarter worth approximately $224,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analyst Ratings Changes

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