DRDGOLD (NYSE:DRD) Stock: Insider Ryno Bornman Sells 8,388 Shares

DRDGOLD Limited (NYSE:DRD) insider Ryno Bornman sold 8,388 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $20,466.72. Following the completion of the sale, the insider owned 16,959 shares of the company’s stock, valued at approximately $41,379.96. The trade was a 33.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ryno Bornman also recently made the following trade(s):

• On Tuesday, September 1st, Ryno Bornman sold 5,490 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $15,097.50.

DRDGOLD Stock Performance

DRDGOLD stock opened at $24.25 on Friday. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The stock’s 50-day moving average is $26.20 and its 200-day moving average is $27.67.

DRDGOLD (NYSE:DRD) last announced its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $188.03 million during the quarter. Sell-side analysts expect that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Dividend Announcement

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

DRDGOLD News Summary

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
• Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
• Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
• Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
• Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.

Wall Street Analysts Forecast Growth

DRD has been the topic of several research analyst reports. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, HC Wainwright lifted their price target on shares of DRDGOLD from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Institutional Trading of DRDGOLD

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRD. Kingswood Wealth Advisors LLC bought a new position in DRDGOLD during the third quarter worth about $224,000. Sigma Planning Corp bought a new position in shares of DRDGOLD in the third quarter worth about $199,000. Signaturefd LLC lifted its position in shares of DRDGOLD by 27.9% during the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 1,086 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of DRDGOLD during the third quarter valued at approximately $240,000. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of DRDGOLD by 9.7% in the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 2,780 shares in the last quarter. Institutional investors and hedge funds 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.