DRDGOLD (NYSE:DRD) Stock: Insider Henry Gouws Sells 89,160 Shares

DRDGOLD Limited (NYSE:DRD) insider Henry Gouws sold 89,160 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $217,550.40. Following the completion of the sale, the insider owned 3,050 shares of the company’s stock, valued at approximately $7,442. This trade represents a 96.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Henry Gouws also recently made the following trade(s):

• On Tuesday, September 1st, Henry Gouws sold 16,826 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $46,271.50.

DRDGOLD Stock Performance

DRD stock traded up $0.03 during midday trading on Wednesday, reaching $24.85. The stock had a trading volume of 98,527 shares, compared to its average volume of 314,106. The firm has a fifty day simple moving average of $26.26 and a two-hundred day simple moving average of $27.74. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37.

DRDGOLD (NYSE:DRD) last posted its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The firm had revenue of $188.03 million for the quarter. As a group, research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Announces Dividend

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

Hedge Funds Weigh In On DRDGOLD

Several institutional investors have recently modified their holdings of the business. Signaturefd LLC increased its position in shares of DRDGOLD by 27.9% during the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 1,086 shares during the period. SG Americas Securities LLC acquired a new position in shares of DRDGOLD during the first quarter worth about $154,000. EverSource Wealth Advisors LLC raised its holdings in DRDGOLD by 21.9% in the first 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 purchased a new position in DRDGOLD in the third quarter worth approximately $199,000. Finally, Oakmont Investment Advisors Inc. acquired a new stake in shares of DRDGOLD in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. HC Wainwright lifted their price objective on 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 DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.