DRDGOLD (NYSE:DRD) Insider Sells $36,080.28 in Stock

DRDGOLD Limited (NYSE:DRD) insider Lihan Laas sold 14,787 shares of DRDGOLD stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $36,080.28. Following the sale, the insider directly owned 14,787 shares of the company’s stock, valued at approximately $36,080.28. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lihan Laas also recently made the following trade(s):

• On Tuesday, September 1st, Lihan Laas sold 9,029 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $24,829.75.

DRDGOLD Stock Down 6.8%

DRD opened at $22.64 on Friday. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The business has a 50-day moving average of $26.06 and a 200-day moving average of $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 for the quarter. The business had revenue of $188.03 million for the quarter. As a group, sell-side analysts anticipate that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Dividend Announcement

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

Institutional Trading of DRDGOLD

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its stake in DRDGOLD by 27.9% during the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 1,086 shares during the period. SG Americas Securities LLC acquired a new position in DRDGOLD in the 1st quarter valued at approximately $154,000. EverSource Wealth Advisors LLC raised its holdings in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 1,059 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of DRDGOLD in the 3rd quarter worth approximately $199,000. Finally, Oakmont Investment Advisors Inc. bought a new stake in shares of DRDGOLD in the 2nd quarter worth approximately $202,000. 14.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. 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 shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Finally, Zacks Research upgraded shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.