Dean Lindecke Sells 20,060 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Dean Lindecke sold 20,060 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 value of $55,165.00. Following the completion of the transaction, the insider owned 20,060 shares in the company, valued at approximately $55,165. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

DRDGOLD Stock Up 4.9%

Shares of DRD traded up $1.39 during trading hours on Thursday, hitting $29.69. 302,032 shares of the 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 price is $23.38 and its two-hundred day moving average price 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 firm had revenue of $188.03 million during the quarter. Equities research analysts forecast that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in DRDGOLD during the fourth quarter worth about $42,000. Farther Finance Advisors LLC grew its stake in shares of DRDGOLD by 33.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock valued at $70,000 after buying an additional 566 shares during the period. Osaic Holdings Inc. increased its holdings in shares of DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after buying an additional 713 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of DRDGOLD during the 3rd quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of DRDGOLD during the 4th quarter valued at approximately $140,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.