DRDGOLD (NYSE:DRD) Insider Dean Lindecke Sells 48,948 Shares of Company Stock

DRDGOLD Limited (NYSE:DRD) insider Dean Lindecke sold 48,948 shares of DRDGOLD stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $119,433.12. Following the completion of the transaction, the insider directly owned 48,948 shares of the company’s stock, valued at $119,433.12. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dean Lindecke also recently made the following trade(s):

• On Tuesday, September 1st, Dean Lindecke sold 20,060 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $55,165.00.

DRDGOLD Price Performance

Shares of NYSE:DRD opened at $25.15 on Thursday. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The company’s 50-day moving average price is $26.28 and its two-hundred day moving average price is $27.71.

DRDGOLD (NYSE:DRD) last posted its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The company had revenue of $188.03 million during the quarter. On average, sell-side analysts expect 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 $0.7379 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a dividend yield of 551.0%.

Key Stories Impacting DRDGOLD

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new position in DRDGOLD in the third quarter valued at about $224,000. Sigma Planning Corp acquired a new position in shares of DRDGOLD in the third quarter valued at approximately $199,000. Signaturefd LLC raised its holdings in DRDGOLD by 27.9% in the 3rd quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after buying an additional 1,086 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in DRDGOLD in the 3rd quarter valued at approximately $240,000. Finally, TD Waterhouse Canada Inc. raised its holdings in DRDGOLD by 9.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock valued at $760,000 after buying an additional 2,780 shares during the last quarter. 14.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DRD has been the subject of several research analyst reports. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. HC Wainwright increased their price objective on DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Two equities research 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 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.