DRDGOLD (NYSE:DRD) Stock: Insider Henriette Hooijer Sells 22,687 Shares

Key Points

• Insider sale: CFO Henriette Hooijer sold 22,687 DRDGOLD shares at an average price of $2.44, reducing her position by 10.2% to 199,827 shares.
• Stock performance: DRDGOLD recently traded at $24.85, within a 12-month range of $19.47 to $39.37, while its latest quarter reported $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) CFO Henriette Hooijer sold 22,687 shares of the company's stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $55,356.28. Following the transaction, the chief financial officer owned 199,827 shares of the company's stock, valued at approximately $487,577.88. The trade was a 10.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Henriette Hooijer also recently made the following trade(s):

• On Tuesday, September 1st, Henriette Hooijer sold 8,313 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $22,860.75.

DRDGOLD Price Performance

NYSE:DRD traded up $0.03 during mid-day trading on Wednesday, reaching $24.85. The stock had a trading volume of 98,527 shares, compared to its average volume of 314,106. DRDGOLD Limited has a twelve month low of $19.47 and a twelve month high of $39.37. The business has a 50 day simple moving average of $26.26 and a 200 day simple moving average of $27.74.

DRDGOLD (NYSE:DRD - Get Free Report) last released its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $188.03 million for the quarter. Research analysts predict that DRDGOLD Limited will post 3.12 earnings per share for the current year.

DRDGOLD Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 11th were issued a $0.7379 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a yield of 551.0%.

Analysts Set New Price Targets

DRD has been the subject of a number of research analyst reports. HC Wainwright increased their price target on shares of DRDGOLD from $33.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Zacks Research raised shares of DRDGOLD from a "strong sell" rating to a "hold" rating in a research note 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 report on Saturday, July 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its position in shares of DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company's stock valued at $121,000 after acquiring an additional 1,086 shares in the last quarter. SG Americas Securities LLC purchased a new stake in DRDGOLD during the 1st quarter worth about $154,000. EverSource Wealth Advisors LLC increased its position in DRDGOLD by 21.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company's stock worth $173,000 after purchasing an additional 1,059 shares in the last quarter. Sigma Planning Corp acquired a new position in DRDGOLD in the 3rd quarter valued at about $199,000. Finally, Oakmont Investment Advisors Inc. acquired a new position in DRDGOLD in the 2nd quarter valued at about $202,000. 14.70% of the stock is owned by institutional investors and hedge funds.

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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