DRDGOLD (NYSE:DRD) CFO Henriette Hooijer Sells 22,687 Shares of Stock

DRDGOLD Limited (NYSE:DRD) CFO Henriette Hooijer sold 22,687 shares of DRDGOLD stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $55,356.28. Following the transaction, the chief financial officer owned 199,827 shares in the company, valued at approximately $487,577.88. This trade represents a 10.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Henriette Hooijer also recently made the following trade(s):

• On Tuesday, September 1st, Henriette Hooijer sold 8,313 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $22,860.75.

DRDGOLD Stock Performance

Shares of DRDGOLD stock 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 announced its 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. Sell-side analysts forecast that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Dividend Announcement

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

Key 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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of DRDGOLD by 21.9% during the 1st 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 during the last quarter. Signaturefd LLC boosted its stake in shares of DRDGOLD by 27.9% during the 3rd 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 in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of DRDGOLD by 9.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock worth $760,000 after acquiring an additional 2,780 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DRDGOLD by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company’s stock worth $4,973,000 after acquiring an additional 5,019 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DRDGOLD in the 1st quarter worth $154,000. Institutional investors own 14.70% of the company’s stock.

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.