Insider Selling: DRDGOLD (NYSE:DRD) COO Sells $230,763.00 in Stock

DRDGOLD Limited (NYSE:DRD) COO Jacobus Schoeman sold 94,575 shares of DRDGOLD stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $230,763.00. Following the completion of the sale, the chief operating officer directly owned 70,000 shares in the company, valued at $170,800. This represents a 57.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jacobus Schoeman also recently made the following trade(s):

• On Tuesday, September 1st, Jacobus Schoeman sold 19,403 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $53,358.25.

DRDGOLD Price Performance

NYSE DRD opened at $22.64 on Friday. The business has a fifty day moving average price of $26.06 and a 200 day moving average price of $27.62. DRDGOLD Limited has a one year low of $19.47 and a one year high of $39.37.

DRDGOLD (NYSE:DRD) last announced its quarterly earnings data 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. On average, equities research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

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

Hedge Funds Weigh In On DRDGOLD

Hedge funds have recently made changes to their positions in the stock. Amundi boosted its position in shares of DRDGOLD by 9.1% during the first quarter. Amundi now owns 507,710 shares of the basic materials company’s stock worth $14,911,000 after buying an additional 42,342 shares during the period. Renaissance Technologies LLC grew its stake in shares of DRDGOLD by 58.3% in the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after acquiring an additional 128,832 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of DRDGOLD by 10.6% in the first quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock worth $7,212,000 after acquiring an additional 23,512 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DRDGOLD by 3.1% in the first 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 in the last quarter. Finally, Sei Investments Co. increased its position in shares of DRDGOLD by 60.8% during the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock worth $2,342,000 after acquiring an additional 30,137 shares during the period. Hedge funds and other institutional investors own 14.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DRD. HC Wainwright raised their price target on shares of DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Zacks Research raised shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings upgraded shares of DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, DRDGOLD 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.