DRDGOLD (NYSE:DRD) COO Jacobus Schoeman Sells 19,403 Shares of Stock

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 19,403 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total value of $53,358.25. Following the completion of the transaction, the chief operating officer directly owned 25,000 shares in the company, valued at approximately $68,750. This represents a 43.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

DRDGOLD Stock Performance

Shares of DRD stock opened at $29.69 on Friday. DRDGOLD Limited has a 52 week low of $19.47 and a 52 week high of $39.37. The stock’s fifty day moving average is $23.54 and its 200-day moving average is $27.08.

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 business had revenue of $188.03 million during the quarter. As a group, analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

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

Key Headlines Impacting DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: A Mining Weekly article describes the past year as “very good” for DRDGOLD, reinforcing the view that strong gold-market conditions and the company’s operating performance have supported investor interest. It’s been a very good year for DRDGOLD
• Negative Sentiment: Multiple executives and insiders collectively sold 139,080 shares for approximately $382,471 at an average price of $2.75 on September 1. The sales included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman and several other insiders. While these transactions may reflect scheduled or personal portfolio decisions rather than a change in company fundamentals, their breadth—and several large reductions in individual holdings—could pressure sentiment and limit the stock’s upside in the near term. SEC insider transaction filings

Wall Street Analyst Weigh In

DRD has been the topic of several research analyst reports. HC Wainwright increased their price target 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. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a report on Monday, August 3rd. Finally, Zacks Research downgraded DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of DRDGOLD

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRD. Banque Cantonale Vaudoise acquired a new position in DRDGOLD during the 4th quarter valued at about $42,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 566 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. Smartleaf Asset Management LLC acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $140,000. 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.

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.