DRDGOLD (NYSE:DRD) Insider Sells $217,550.40 in Stock

DRDGOLD Limited (NYSE:DRD) insider Henry Gouws sold 89,160 shares of DRDGOLD stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $217,550.40. Following the sale, the insider directly owned 3,050 shares in the company, valued at $7,442. This trade represents a 96.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Henry Gouws also recently made the following trade(s):

• On Tuesday, September 1st, Henry Gouws sold 16,826 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $46,271.50.

DRDGOLD Price Performance

Shares of NYSE:DRD opened at $22.64 on Friday. The firm has a 50 day simple moving average of $26.06 and a 200 day simple moving average of $27.62. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37.

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

DRDGOLD Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 11th were issued 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%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On DRDGOLD

A number of institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in DRDGOLD by 27.9% during the 3rd 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 bought a new position in shares of DRDGOLD during the 1st quarter worth approximately $154,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 1,059 shares during the period. Sigma Planning Corp acquired a new position in shares of DRDGOLD during the 3rd quarter valued at $199,000. Finally, Oakmont Investment Advisors Inc. bought a new position in DRDGOLD during the second quarter worth $202,000. 14.70% of the stock is owned by institutional investors.

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.