DRDGOLD (NYSE:DRD) Insider Sells $20,466.72 in Stock

DRDGOLD Limited (NYSE:DRD) insider Ryno Bornman sold 8,388 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $20,466.72. Following the completion of the transaction, the insider owned 16,959 shares in the company, valued at approximately $41,379.96. The trade was a 33.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Ryno Bornman also recently made the following trade(s):

• On Tuesday, September 1st, Ryno Bornman sold 5,490 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $15,097.50.

DRDGOLD Price Performance

Shares of NYSE:DRD traded up $0.03 during trading on Wednesday, reaching $24.85. 98,527 shares of the stock were exchanged, compared to its average volume of 314,106. DRDGOLD Limited has a 1-year low of $19.47 and a 1-year high of $39.37. The stock has a fifty day moving average of $26.26 and a two-hundred day moving average of $27.74.

DRDGOLD (NYSE:DRD) last issued its quarterly earnings data 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 for the quarter. Sell-side analysts forecast that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Announces Dividend

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

Institutional Trading of DRDGOLD

A number of hedge funds have recently bought and sold shares of DRD. Renaissance Technologies LLC boosted its position in DRDGOLD by 58.3% in the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after purchasing an additional 128,832 shares during the last quarter. Amundi raised its stake in shares of DRDGOLD by 9.1% during the 1st 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. raised its stake in shares of DRDGOLD by 60.8% during the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock worth $2,342,000 after purchasing an additional 30,137 shares during the period. U S Global Investors Inc. boosted its holdings 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 DRDGOLD by 259.5% during the first 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 period. 14.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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