DRDGOLD (NYSE:DRD) Insider Mpho Mashatola Sells 5,275 Shares

DRDGOLD Limited (NYSE:DRD) insider Mpho Mashatola sold 5,275 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total value of $14,506.25. Following the sale, the insider owned 39,868 shares in the company, valued at approximately $109,637. This represents a 11.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

DRDGOLD Price Performance

NYSE:DRD opened at $29.69 on Friday. DRDGOLD Limited has a 1-year low of $19.47 and a 1-year high of $39.37. The firm has a fifty day simple moving average of $23.54 and a 200 day simple moving average of $27.08.

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

DRDGOLD Dividend Announcement

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

Hedge Funds Weigh In On DRDGOLD

A number of large investors have recently made changes to their positions in DRD. Banque Cantonale Vaudoise bought a new stake in DRDGOLD in the 4th quarter valued at $42,000. Farther Finance Advisors LLC grew its holdings in 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 buying an additional 566 shares in the last quarter. Osaic Holdings Inc. increased its position in DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after buying an additional 713 shares during the period. BNP Paribas Financial Markets bought a new position in DRDGOLD during the 3rd quarter worth $102,000. Finally, Smartleaf Asset Management LLC bought a new position in DRDGOLD during the 4th quarter worth $140,000. Institutional investors own 14.70% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DRD shares. HC Wainwright lifted their target price on DRDGOLD from $33.00 to $35.00 and gave the stock 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 research note 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 cut shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $35.00.

About DRDGOLD

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.