DRDGOLD (NYSE:DRD) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

DRDGOLD Limited (NYSE:DRD) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $25.41 and traded as high as $25.58. DRDGOLD shares last traded at $25.50, with a volume of 279,982 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DRD shares. Zacks Research raised DRDGOLD from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, October 26th. Finally, HC Wainwright increased their price objective on DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

DRDGOLD Stock Performance

The stock’s 50-day simple moving average is $25.41 and its 200 day simple moving average is $27.33.

DRDGOLD (NYSE:DRD) last issued 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 during the quarter. As a group, sell-side analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Announces Dividend

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

Insider Activity at DRDGOLD

In other news, COO Jacobus Schoeman sold 94,575 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $230,763.00. Following the completion of the transaction, the chief operating officer directly owned 70,000 shares of the company’s stock, valued at approximately $170,800. This represents a 57.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Henry Gouws sold 89,160 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $217,550.40. Following the completion of the transaction, the insider owned 3,050 shares of the company’s stock, valued at $7,442. The trade was a 96.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 644,448 shares of company stock worth $1,615,568 in the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of DRDGOLD

Institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after buying an additional 1,086 shares in the last quarter. SG Americas Securities LLC acquired a new position in DRDGOLD during the first quarter worth $154,000. EverSource Wealth Advisors LLC raised its holdings in DRDGOLD by 21.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 1,059 shares during the last quarter. Sigma Planning Corp purchased a new stake in DRDGOLD during the third quarter worth $199,000. Finally, Oakmont Investment Advisors Inc. purchased a new stake in DRDGOLD during the second quarter worth $202,000. Hedge funds and other 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.