DRDGOLD (NYSE:DRD) Insider Ryno Bornman Sells 8,388 Shares of Stock

DRDGOLD Limited (NYSE:DRD) insider Ryno Bornman sold 8,388 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $20,466.72. Following the completion of the transaction, the insider directly owned 16,959 shares in the company, valued at approximately $41,379.96. The trade was a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ryno Bornman also recently made the following trade(s):

• On Tuesday, September 1st, Ryno Bornman sold 5,490 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $15,097.50.

DRDGOLD Stock Performance

Shares of DRD stock opened at $25.15 on Thursday. The business has a fifty day moving average of $26.28 and a 200 day moving average of $27.71. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37.

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

DRDGOLD Announces Dividend

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

Key Stories Impacting DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 505,368 shares for about $1.23 million at an average price of $2.44. CEO Daniel Pretorius sold 117,980 shares, CFO Henriette Hooijer sold 22,687, and COO Jacobus Schoeman sold 94,575. Several other insiders reduced their holdings by 50% or more, while Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The broad-based selling may create an overhang and raise concerns about insider confidence, although such transactions can also reflect scheduled sales, compensation, taxes or personal liquidity needs. DRDGOLD insider transaction filings

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in DRDGOLD by 111.3% in the 1st quarter. Bank of America Corp DE now owns 34,630 shares of the basic materials company’s stock worth $1,017,000 after purchasing an additional 18,241 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of DRDGOLD by 58.3% during the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after purchasing an additional 128,832 shares during the period. Amundi grew its stake in shares of DRDGOLD by 9.1% during the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock worth $14,911,000 after purchasing an additional 42,342 shares during the period. Sei Investments Co. increased its holdings in shares of DRDGOLD by 60.8% during the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after purchasing an additional 30,137 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of DRDGOLD by 49.5% during the 2nd quarter. Engineers Gate Manager LP now owns 37,908 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 12,556 shares in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

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.