DRDGOLD (NYSE:DRD) Insider Ryno Bornman Sells 8,388 Shares of Stock

Key Points

• Insider sale: Ryno Bornman sold 8,388 DRDGOLD shares at an average of $2.44, worth $20,466.72, reducing his direct holding by 33.09% to 16,959 shares. He also sold 5,490 shares in September.
• Stock performance and outlook: DRDGOLD shares recently traded at $24.85, within a 52-week range of $19.47 to $39.37. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.00.
• Financial and ownership highlights: The company reported quarterly EPS of $0.83 on $188.03 million in revenue and paid a $0.7379 dividend. Institutional investors own approximately 14.7% of DRDGOLD.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Ryno Bornman sold 8,388 shares of the stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total value of $20,466.72. Following the completion of the sale, the insider directly owned 16,959 shares of the company's stock, valued at approximately $41,379.96. The trade was a 33.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ryno Bornman also recently made the following trade(s):

• On Tuesday, September 1st, Ryno Bornman sold 5,490 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $15,097.50.

DRDGOLD Price Performance

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

DRDGOLD (NYSE:DRD - Get Free Report) last announced its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 EPS for the quarter. The company had revenue of $188.03 million during the quarter. As a group, research analysts expect that DRDGOLD Limited will post 3.12 EPS for the current year.

DRDGOLD Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kingswood Wealth Advisors LLC acquired a new stake in DRDGOLD in the third quarter worth $224,000. Sigma Planning Corp bought a new stake in DRDGOLD in the third quarter valued at $199,000. Signaturefd LLC raised its holdings in shares of DRDGOLD by 27.9% during the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company's stock valued at $121,000 after purchasing an additional 1,086 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of DRDGOLD during the third quarter valued at about $240,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of DRDGOLD by 9.7% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company's stock worth $760,000 after purchasing an additional 2,780 shares in the last quarter. 14.70% of the stock is 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.

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