DRDGOLD (NYSE:DRD) CFO Sells $55,356.28 in Stock

DRDGOLD Limited (NYSE:DRD) CFO Henriette Hooijer sold 22,687 shares of DRDGOLD stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $55,356.28. Following the transaction, the chief financial officer owned 199,827 shares of the company’s stock, valued at approximately $487,577.88. The trade was a 10.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Henriette Hooijer also recently made the following trade(s):

• On Tuesday, September 1st, Henriette Hooijer sold 8,313 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $22,860.75.

DRDGOLD Stock Down 6.8%

DRD opened at $22.64 on Friday. DRDGOLD Limited has a 52 week low of $19.47 and a 52 week high of $39.37. The business’s fifty day simple moving average is $26.06 and its 200 day simple moving average is $27.62.

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

DRDGOLD Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. HC Wainwright lifted their price objective on DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Institutional Trading of DRDGOLD

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in shares of DRDGOLD by 58.3% in the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock valued at $10,269,000 after purchasing an additional 128,832 shares in the last quarter. Amundi boosted its holdings in DRDGOLD by 9.1% in the first 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 stake in DRDGOLD by 60.8% during the first 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 during the last quarter. U S Global Investors Inc. lifted its position in shares of DRDGOLD by 10.6% in the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock worth $7,212,000 after buying an additional 23,512 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of DRDGOLD by 259.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company’s stock valued at $824,000 after buying an additional 20,261 shares during the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

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.