Insider Selling: DRDGOLD (NYSE:DRD) Insider Sells $31,754.16 in Stock

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 13,014 shares of the stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $31,754.16. Following the completion of the sale, the insider owned 55,774 shares of the company’s stock, valued at approximately $136,088.56. This represents a 18.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mpho Mashatola also recently made the following trade(s):

• On Tuesday, September 1st, Mpho Mashatola sold 5,275 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $14,506.25.

DRDGOLD Stock Down 6.8%

DRD opened at $22.64 on Friday. DRDGOLD Limited has a 12-month low of $19.47 and a 12-month high of $39.37. The business has a 50 day moving average of $26.06 and a 200-day moving average of $27.62.

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

DRDGOLD Dividend Announcement

The company also recently announced 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 was Friday, September 11th. This represents a dividend yield of 551.0%.

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently modified their holdings of the business. Kingswood Wealth Advisors LLC bought a new position in DRDGOLD in the third quarter valued at about $224,000. Sigma Planning Corp acquired a new position in DRDGOLD during the 3rd quarter worth approximately $199,000. Signaturefd LLC increased its position 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 purchasing an additional 1,086 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of DRDGOLD during the third quarter worth $240,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of DRDGOLD by 9.7% during the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock worth $760,000 after buying an additional 2,780 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.