DRDGOLD (NYSE:DRD) Insider Lihan Laas Sells 14,787 Shares of Company Stock

Key Points

• Insider sale: Lihan Laas sold 14,787 DRDGOLD shares for approximately $36,080, halving their direct ownership. This follows another sale of 9,029 shares in September.
• Financial performance: DRDGOLD reported quarterly EPS of $0.83 and revenue of $188.03 million; analysts expect full-year EPS of $3.12.
• Analyst outlook: The stock has a consensus rating of “Moderate Buy” and a consensus price target of $35, supported by recent target-price increases and rating upgrades.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Lihan Laas sold 14,787 shares of the firm's stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $36,080.28. Following the sale, the insider directly owned 14,787 shares in the company, valued at $36,080.28. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lihan Laas also recently made the following trade(s):

• On Tuesday, September 1st, Lihan Laas sold 9,029 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $24,829.75.

DRDGOLD Stock Up 0.1%

DRD traded up $0.03 during midday trading on Wednesday, hitting $24.85. The company's stock had a trading volume of 98,527 shares, compared to its average volume of 314,106. The firm has a 50-day moving average price of $26.26 and a two-hundred day moving average price of $27.74. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37.

DRDGOLD (NYSE:DRD - Get Free Report) last announced its quarterly earnings data 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, research 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. Stockholders of record on Friday, September 11th were paid a $0.7379 dividend. This represents a dividend yield of 551.0%. The ex-dividend date of this dividend was Friday, September 11th.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DRD. Renaissance Technologies LLC grew its holdings in DRDGOLD by 58.3% during the 1st 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. Amundi raised its stake in shares of DRDGOLD by 9.1% in 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 in the last quarter. Sei Investments Co. lifted 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 purchasing an additional 30,137 shares during the last quarter. U S Global Investors Inc. grew its stake in 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 purchasing an additional 23,512 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in DRDGOLD by 259.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company's stock worth $824,000 after purchasing an additional 20,261 shares in the last quarter. 14.70% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.