Kevin Kruger Sells 7,561 Shares of DRDGOLD (NYSE:DRD) Stock

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 7,561 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total value of $20,792.75. Following the completion of the sale, the insider directly owned 9,240 shares of the company’s stock, valued at approximately $25,410. This represents a 45.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

DRDGOLD Price Performance

Shares of DRD stock traded up $1.39 during trading hours on Thursday, reaching $29.69. 302,032 shares of the company’s stock were exchanged, compared to its average volume of 330,681. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37. The stock’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $27.12.

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

DRDGOLD Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research downgraded DRDGOLD from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Finally, HC Wainwright lifted their price target on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.00.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in DRDGOLD during the fourth quarter worth $42,000. Farther Finance Advisors LLC grew its position in DRDGOLD by 33.5% during the fourth 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 during the period. Osaic Holdings Inc. increased its holdings in DRDGOLD by 11.5% in the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock valued at $92,000 after buying an additional 713 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in DRDGOLD in the third quarter valued at $102,000. Finally, Smartleaf Asset Management LLC acquired a new position in shares of DRDGOLD in the fourth quarter worth about $140,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Company Profile

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.