DRDGOLD (NYSE:DRD) COO Jacobus Schoeman Sells 19,403 Shares

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 19,403 shares of the firm’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 transaction of $53,358.25. Following the completion of the sale, the chief operating officer directly owned 25,000 shares in the company, valued at $68,750. This represents a 43.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DRDGOLD Trading Up 4.9%

DRDGOLD stock traded up $1.39 during mid-day trading on Thursday, hitting $29.69. 302,032 shares of the company traded hands, compared to its average volume of 330,681. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37. The stock has a fifty day moving average price of $23.38 and a 200-day moving average price of $27.12.

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

DRDGOLD Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 11th will be issued a $0.7379 dividend. This represents a dividend yield of 530.0%. The ex-dividend date is Friday, September 11th.

Institutional Trading of DRDGOLD

Several large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in DRDGOLD by 33.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 566 shares during the period. Osaic Holdings Inc. lifted its position 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 purchasing an additional 570 shares during the period. Merit Financial Group LLC lifted its position in shares of DRDGOLD by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 800 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of DRDGOLD by 3.5% during 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 purchasing an additional 895 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 1,059 shares in the last quarter. Institutional investors own 14.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DRD. HC Wainwright increased their target price on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research cut DRDGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of DRDGOLD in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

About DRDGOLD

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.