DRDGOLD (NYSE:DRD) Insider Kgabo Moloto Sells 21,999 Shares of Stock

Key Points

• Insider selling: Kgabo Moloto sold 21,999 DRDGOLD shares at an average price of $2.44, totaling $53,677.56 and reducing their ownership by 50%. Moloto also sold 11,586 shares in September.
• Stock performance: DRDGOLD shares traded at $24.85, within a 52-week range of $19.47 to $39.37, while recent quarterly results included $0.83 in EPS and $188.03 million in revenue.
• Analyst outlook: The stock has a “Moderate Buy” consensus rating and a $35 average price target, with two analysts rating it Buy and one rating it Hold.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Kgabo Moloto sold 21,999 shares of the company's 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 $53,677.56. Following the transaction, the insider owned 21,999 shares of the company's stock, valued at approximately $53,677.56. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kgabo Moloto also recently made the following trade(s):

• On Tuesday, September 1st, Kgabo Moloto sold 11,586 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total transaction of $31,861.50.

DRDGOLD Stock Performance

DRDGOLD stock traded up $0.03 during mid-day trading on Wednesday, reaching $24.85. The company had a trading volume of 98,527 shares, compared to its average volume of 314,106. DRDGOLD Limited has a fifty-two week low of $19.47 and a fifty-two week high of $39.37. The business has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $27.74.

DRDGOLD (NYSE:DRD - Get Free Report) 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 for the quarter. On average, equities analysts forecast that DRDGOLD Limited will post 3.12 earnings per share for the current fiscal year.

DRDGOLD Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 21st. Investors 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%.

Institutional Trading of DRDGOLD

Institutional investors have recently added to or reduced their stakes in the stock. Amundi increased its position in DRDGOLD by 9.1% during the 1st 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. Renaissance Technologies LLC lifted its position in shares of DRDGOLD by 58.3% in the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company's stock worth $10,269,000 after purchasing an additional 128,832 shares during the period. U S Global Investors Inc. lifted its position in shares of DRDGOLD by 10.6% in the 1st quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company's stock worth $7,212,000 after purchasing an additional 23,512 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of DRDGOLD by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company's stock worth $4,973,000 after purchasing an additional 5,019 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of DRDGOLD by 60.8% in the 1st quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company's stock valued at $2,342,000 after purchasing an additional 30,137 shares during the last quarter. 14.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DRD has been the topic of a number of recent research reports. HC Wainwright lifted their price target on DRDGOLD from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Zacks Research upgraded shares of DRDGOLD from a "strong sell" rating to a "hold" rating in a research report on Monday, October 19th. Weiss Ratings upgraded shares of DRDGOLD from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Finally, Wall Street Zen downgraded shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

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.

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