DRDGOLD (NYSE:DRD) Insider Henry Gouws Sells 16,826 Shares

Key Points

• Insider sale: Henry Gouws sold 16,826 DRDGOLD shares at an average $2.75 each, totaling $46,271.50. The transaction reduced his ownership by 84.65%, leaving him with 3,050 shares.
• Stock performance and results: DRD shares recently traded at $29.69, within a 1-year range of $19.47 to $39.37. The company reported quarterly earnings of $0.83 per share on $188.03 million in revenue.
• Mixed outlook: Analysts have a consensus “Hold” rating and an average price target of $35, while recent recommendations ranged from “Strong Sell” to “Buy.” DRDGOLD also announced a $0.7379-per-share dividend payable September 21 to shareholders of record September 11.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Henry Gouws sold 16,826 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $2.75, for a total transaction of $46,271.50. Following the transaction, the insider owned 3,050 shares in the company, valued at $8,387.50. The trade was a 84.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

DRDGOLD Price Performance

Shares of DRD stock traded up $1.39 during midday trading on Thursday, reaching $29.69. 302,032 shares of the company traded hands, compared to its average volume of 330,681. The firm's 50 day simple moving average is $23.38 and its two-hundred day simple moving average is $27.12. DRDGOLD Limited has a 1-year low of $19.47 and a 1-year high of $39.37.

DRDGOLD (NYSE:DRD - Get Free Report) last released its quarterly 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, equities analysts expect that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of DRDGOLD

Several hedge funds and other institutional investors have recently bought and sold shares of DRD. Oakmont Investment Advisors Inc. acquired a new position in DRDGOLD in the 2nd quarter valued at $202,000. TD Waterhouse Canada Inc. lifted its stake in shares of DRDGOLD by 14.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 28,563 shares of the basic materials company's stock worth $603,000 after purchasing an additional 3,657 shares during the period. Bank of America Corp DE boosted its holdings in shares of DRDGOLD by 111.3% during the first quarter. Bank of America Corp DE now owns 34,630 shares of the basic materials company's stock worth $1,017,000 after purchasing an additional 18,241 shares during the last quarter. Amundi grew its position in shares of DRDGOLD by 9.1% in the first quarter. Amundi now owns 507,710 shares of the basic materials company's stock valued at $14,911,000 after purchasing an additional 42,342 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of DRDGOLD by 21.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 1,059 shares during the period. 14.70% of the stock is owned by hedge funds and other institutional investors.

About DRDGOLD

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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