DRDGOLD (NYSE:DRD) Stock: Insider Mpho Mashatola Sells 13,014 Shares

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 13,014 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 value of $31,754.16. Following the sale, the insider directly owned 55,774 shares in the company, valued at approximately $136,088.56. This trade represents a 18.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mpho Mashatola also recently made the following trade(s):

• On Tuesday, September 1st, Mpho Mashatola sold 5,275 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $14,506.25.

DRDGOLD Price Performance

Shares of NYSE:DRD opened at $24.25 on Friday. DRDGOLD Limited has a 1-year low of $19.47 and a 1-year high of $39.37. The business’s 50 day moving average is $26.20 and its 200-day moving average is $27.67.

DRDGOLD (NYSE:DRD) last issued its earnings results 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. As a group, analysts anticipate 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 was paid on Monday, September 21st. Investors of record on Friday, September 11th were paid a $0.7379 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a yield of 551.0%.

DRDGOLD News Summary

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
• Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
• Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
• Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
• Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.

Analysts Set New Price Targets

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

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in DRDGOLD by 21.9% during the 1st 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 period. Signaturefd LLC grew its position in shares of DRDGOLD by 27.9% during the 3rd quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after buying an additional 1,086 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of DRDGOLD by 9.7% during the 3rd 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. Dimensional Fund Advisors LP grew its position in shares of DRDGOLD by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after buying an additional 5,019 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of DRDGOLD during the first quarter worth approximately $154,000. 14.70% of the stock is owned by institutional investors.

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.