DRDGOLD (NYSE:DRD) CFO Henriette Hooijer Sells 8,313 Shares

Key Points

• DRDGOLD CFO Henriette Hooijer sold 8,313 shares at an average price of $2.75, totaling $22,860.75. Her remaining direct stake fell 4.61% to 172,099 shares.
• DRDGOLD reported quarterly EPS of $0.83 on revenue of $188.03 million. The company also declared a $0.7379-per-share dividend, payable September 21 to shareholders of record September 11.
• Analyst sentiment is mixed: the consensus rating is Hold with a $35 average price target, while ratings range from Zacks’ “strong sell” to HC Wainwright’s “buy.”

DRDGOLD Limited (NYSE:DRD - Get Free Report) CFO Henriette Hooijer sold 8,313 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total transaction of $22,860.75. Following the completion of the sale, the chief financial officer directly owned 172,099 shares in the company, valued at approximately $473,272.25. This represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

DRDGOLD Stock Performance

NYSE DRD traded up $1.39 on Thursday, reaching $29.69. The company had a trading volume of 302,032 shares, compared to its average volume of 330,681. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The business has a 50 day moving average of $23.38 and a two-hundred day moving average of $27.12.

DRDGOLD (NYSE:DRD - Get Free Report) last announced its 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 for the quarter. Sell-side analysts expect that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DRD. Banque Cantonale Vaudoise bought a new position in DRDGOLD in the fourth quarter worth approximately $42,000. Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 566 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of DRDGOLD by 11.5% during the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company's stock worth $92,000 after purchasing an additional 713 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of DRDGOLD during the third quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC bought a new position in shares of DRDGOLD in the 4th quarter worth $140,000. 14.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on DRD shares. Zacks Research cut DRDGOLD from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Weiss Ratings restated a "buy (b-)" rating on shares of DRDGOLD in a report on Monday, August 3rd. Wall Street Zen downgraded shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 4th. Finally, HC Wainwright upped their price objective on shares of DRDGOLD from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $35.00.

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.

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