Insider Selling: DRDGOLD (NYSE:DRD) CEO Sells 117,980 Shares of Stock

Key Points

• DRDGOLD CEO Daniel Pretorius sold 117,980 shares at an average price of $2.44, generating approximately $287,871. After the transaction, he retained 1,144,012 shares, a 9.35% reduction in his direct ownership.
• DRDGOLD reported quarterly earnings of $0.83 per share on revenue of $188.03 million, while analysts expect full-year earnings of $3.12 per share.
• Analysts maintain a generally positive view, with an average rating of “Moderate Buy” and a $35 price target; institutional investors own 14.7% of the company.

DRDGOLD Limited (NYSE:DRD - Get Free Report) CEO Daniel Pretorius sold 117,980 shares of DRDGOLD stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $287,871.20. Following the transaction, the chief executive officer directly owned 1,144,012 shares of the company's stock, valued at approximately $2,791,389.28. This represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Daniel Pretorius also recently made the following trade(s):

• On Tuesday, September 1st, Daniel Pretorius sold 35,537 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total value of $97,726.75.

DRDGOLD Trading Up 0.1%

DRDGOLD stock traded up $0.03 during midday trading on Wednesday, reaching $24.85. 98,527 shares of the stock traded hands, 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 firm has a fifty day moving average price of $26.26 and a two-hundred day moving average price of $27.74.

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

DRDGOLD Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. HC Wainwright raised 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. Weiss Ratings upgraded DRDGOLD from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. Zacks Research upgraded DRDGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, October 19th. Finally, Wall Street Zen cut DRDGOLD from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, DRDGOLD has an average rating of "Moderate Buy" and an average price target of $35.00.

Institutional Investors Weigh In On DRDGOLD

A number of hedge funds have recently added to or reduced their stakes in the stock. Amundi grew its stake in shares of DRDGOLD by 9.1% during the first 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 last quarter. Renaissance Technologies LLC lifted its position in DRDGOLD by 58.3% during the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company's stock valued at $10,269,000 after purchasing an additional 128,832 shares during the period. U S Global Investors Inc. boosted its stake 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 valued at $7,212,000 after purchasing an additional 23,512 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of DRDGOLD by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company's stock worth $4,973,000 after buying an additional 5,019 shares during the period. Finally, Sei Investments Co. raised its stake 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 buying an additional 30,137 shares during the last quarter. Institutional investors own 14.70% of the company's stock.

About DRDGOLD

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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