DRDGOLD (NYSE:DRD) Stock: Insider Mpho Mashatola Sells 13,014 Shares

Key Points

• Insider Mpho Mashatola sold 13,014 DRDGOLD shares at an average $2.44, generating $31,754 and reducing their direct stake by 18.92% to 55,774 shares. Mashatola had also sold 5,275 shares in September.
• DRDGOLD shares traded down $0.18 to $24.64, below their 50-day and 200-day moving averages, with a 52-week range of $19.47 to $39.37. The company reported quarterly EPS of $0.83 on revenue of $188.03 million.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $35 price target, while institutional investors own 14.7% of the stock.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Mpho Mashatola sold 13,014 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $2.44, for a total transaction of $31,754.16. Following the completion of the transaction, the insider directly owned 55,774 shares of the company's stock, valued at $136,088.56. This represents a 18.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mpho Mashatola also recently made the following trade(s):

• On Tuesday, September 1st, Mpho Mashatola sold 5,275 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $14,506.25.

DRDGOLD Price Performance

NYSE DRD traded down $0.18 during trading hours on Wednesday, hitting $24.64. 144,312 shares of the company were exchanged, compared to its average volume of 314,268. The company has a 50 day moving average of $26.26 and a two-hundred day moving average 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 EPS for the quarter. The company had revenue of $188.03 million for the quarter. Analysts forecast that DRDGOLD Limited will post 3.12 EPS for the current fiscal year.

DRDGOLD Announces Dividend

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

Hedge Funds Weigh In On DRDGOLD

Several hedge funds have recently made changes to their positions in the company. Kingswood Wealth Advisors LLC acquired a new stake in shares of DRDGOLD in the third quarter valued at approximately $224,000. Sigma Planning Corp purchased a new position in shares of DRDGOLD during the third quarter worth approximately $199,000. Signaturefd LLC increased its holdings in shares of DRDGOLD by 27.9% in the 3rd 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 during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of DRDGOLD in the 3rd quarter valued at $240,000. Finally, TD Waterhouse Canada Inc. raised its position in DRDGOLD by 9.7% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company's stock valued at $760,000 after purchasing an additional 2,780 shares during the last quarter. Hedge funds and other institutional investors own 14.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

DRDGOLD News Summary

Here are the key news stories impacting DRDGOLD this week:

• Negative Sentiment: Company insiders collectively sold approximately 492,354 shares for about $1.20 million. The selling included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman, and several other insiders. SEC insider-trading filing
• Negative Sentiment: The transactions reduced ownership substantially for several sellers: Pretorius cut his stake by 9.35%, Hooijer by 10.20%, and Schoeman by 57.47%. Other insiders reduced their holdings by 33% to nearly 97%, with Henry Gouws retaining only 3,050 shares and Kevin Kruger retaining 9,240 shares.
• Neutral Sentiment: The filings do not explain why the shares were sold, so the transactions may reflect personal liquidity needs, compensation-related activity, or portfolio diversification rather than a change in the company’s operating outlook. However, the broad participation by senior management and other insiders is likely to weigh on investor sentiment in the near term.

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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