DRDGOLD (NYSE:DRD) COO Jacobus Schoeman Sells 94,575 Shares of Company Stock

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 94,575 shares of the company’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $230,763.00. Following the completion of the transaction, the chief operating officer directly owned 70,000 shares in the company, valued at $170,800. This represents a 57.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jacobus Schoeman also recently made the following trade(s):

• On Tuesday, September 1st, Jacobus Schoeman sold 19,403 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $53,358.25.

DRDGOLD Price Performance

DRD opened at $25.15 on Thursday. The business has a fifty day simple moving average of $26.28 and a 200-day simple moving average of $27.71. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37.

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

DRDGOLD Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on DRD shares. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, HC Wainwright upped their price objective 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Institutional Investors Weigh In On DRDGOLD

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in DRDGOLD by 111.3% during the 1st quarter. Bank of America Corp DE now owns 34,630 shares of the basic materials company’s stock worth $1,017,000 after purchasing an additional 18,241 shares in the last quarter. Renaissance Technologies LLC raised its stake in DRDGOLD by 58.3% during the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock valued at $10,269,000 after purchasing an additional 128,832 shares during the period. Amundi raised its stake in DRDGOLD by 9.1% during the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock valued at $14,911,000 after purchasing an additional 42,342 shares during the period. Sei Investments Co. lifted its holdings in shares of DRDGOLD by 60.8% in the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after purchasing an additional 30,137 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of DRDGOLD by 49.5% in the second quarter. Engineers Gate Manager LP now owns 37,908 shares of the basic materials company’s stock valued at $807,000 after purchasing an additional 12,556 shares in the last quarter. Hedge funds and other institutional investors own 14.70% of the company’s stock.

More DRDGOLD News

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 505,368 shares for about $1.23 million at an average price of $2.44. CEO Daniel Pretorius sold 117,980 shares, CFO Henriette Hooijer sold 22,687, and COO Jacobus Schoeman sold 94,575. Several other insiders reduced their holdings by 50% or more, while Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The broad-based selling may create an overhang and raise concerns about insider confidence, although such transactions can also reflect scheduled sales, compensation, taxes or personal liquidity needs. DRDGOLD insider transaction filings

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.