DRDGOLD (NYSE:DRD) CEO Sells $287,871.20 in Stock

DRDGOLD Limited (NYSE:DRD) CEO Daniel Pretorius sold 117,980 shares of the business’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 $287,871.20. Following the sale, the chief executive officer directly owned 1,144,012 shares of the company’s stock, valued at $2,791,389.28. This represents a 9.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Daniel Pretorius also recently made the following trade(s):

• On Tuesday, September 1st, Daniel Pretorius sold 35,537 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $97,726.75.

DRDGOLD Stock Down 6.8%

Shares of DRDGOLD stock opened at $22.64 on Friday. DRDGOLD Limited has a twelve month low of $19.47 and a twelve month high of $39.37. The firm’s 50-day moving average price is $26.06 and its 200 day moving average price is $27.62.

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 firm had revenue of $188.03 million for the quarter. As a group, analysts anticipate that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 11th were issued a $0.7379 dividend. The ex-dividend date was Friday, September 11th. This represents a yield of 551.0%.

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC purchased a new position in shares of DRDGOLD during the 3rd quarter worth approximately $224,000. Sigma Planning Corp purchased a new stake in DRDGOLD in the third quarter valued at approximately $199,000. Signaturefd LLC raised its position in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,086 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in DRDGOLD during the third quarter worth $240,000. Finally, TD Waterhouse Canada Inc. boosted its position 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 during the period. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DRD. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. HC Wainwright raised their target price on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research note 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. Finally, Zacks Research upgraded 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.