Insider Selling: DRDGOLD (NYSE:DRD) Insider Sells $180,145.20 in Stock

DRDGOLD Limited (NYSE:DRD) insider Kevin Kruger sold 73,830 shares of the business’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $180,145.20. Following the completion of the transaction, the insider owned 9,240 shares in the company, valued at $22,545.60. The trade was a 88.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kevin Kruger also recently made the following trade(s):

• On Tuesday, September 1st, Kevin Kruger sold 7,561 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $20,792.75.

DRDGOLD Stock Performance

Shares of NYSE:DRD traded up $0.03 during midday trading on Wednesday, hitting $24.85. 98,527 shares of the stock traded hands, compared to its average volume of 314,106. The business’s 50 day moving average is $26.26 and its two-hundred day moving average is $27.74. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37.

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

DRDGOLD Announces Dividend

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

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC raised its stake in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after buying an additional 1,086 shares in the last quarter. SG Americas Securities LLC bought a new stake in DRDGOLD during the 1st quarter valued at approximately $154,000. EverSource Wealth Advisors LLC boosted its position in 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 in the last quarter. Sigma Planning Corp purchased a new position in shares of DRDGOLD during the 3rd quarter worth approximately $199,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of DRDGOLD during the 3rd quarter worth approximately $224,000. 14.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. HC Wainwright raised their price target on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

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.