Kevin Kruger Sells 7,561 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 7,561 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total value of $20,792.75. Following the completion of the transaction, the insider directly owned 9,240 shares of the company’s stock, valued at $25,410. The trade was a 45.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

DRDGOLD Stock Performance

DRD stock traded up $1.39 during mid-day trading on Thursday, reaching $29.69. 302,032 shares of the company’s stock were exchanged, compared to its average volume of 330,681. DRDGOLD Limited has a 12-month low of $19.47 and a 12-month high of $39.37. The stock’s 50 day moving average is $23.38 and its 200 day moving average is $27.12.

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

DRDGOLD Announces Dividend

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

Institutional Trading of DRDGOLD

A number of hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in DRDGOLD by 33.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock worth $70,000 after purchasing an additional 566 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of DRDGOLD by 8.1% in the fourth quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock valued at $235,000 after purchasing an additional 570 shares in the last quarter. Merit Financial Group LLC grew its position in shares of DRDGOLD by 7.0% in the third quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 800 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in shares of DRDGOLD by 3.5% in the fourth 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 during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of DRDGOLD by 21.9% in the first 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 during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. HC Wainwright lifted their target price on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Finally, Zacks Research downgraded shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.