Insider Selling: DRDGOLD (NYSE:DRD) COO Sells 94,575 Shares of Stock

Key Points

• DRDGOLD COO Jacobus Schoeman sold 94,575 shares at a reported average price of $2.44, for total proceeds of $230,763. After the sale, he retained 70,000 shares, a 57.47% reduction in his holdings.
• DRDGOLD reported quarterly EPS of $0.83 on revenue of $188.03 million, while analysts forecast full-year EPS of $3.12.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $35.00 target price; institutional investors own approximately 14.7% of the company.

DRDGOLD Limited (NYSE:DRD - Get Free Report) COO Jacobus Schoeman sold 94,575 shares of the stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $230,763.00. Following the completion of the transaction, the chief operating officer owned 70,000 shares of the company's stock, valued at $170,800. The trade was a 57.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jacobus Schoeman also recently made the following trade(s):

• On Tuesday, September 1st, Jacobus Schoeman sold 19,403 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $53,358.25.

DRDGOLD Stock Up 0.1%

NYSE:DRD traded up $0.03 on Wednesday, reaching $24.85. 98,527 shares of the company's stock were exchanged, compared to its average volume of 314,106. DRDGOLD Limited has a 52-week low of $19.47 and a 52-week high of $39.37. The business has a fifty day moving average of $26.26 and a 200-day moving average of $27.74.

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 predict that DRDGOLD Limited will post 3.12 EPS 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 given a dividend of $0.7379 per share. The ex-dividend date was Friday, September 11th. This represents a dividend yield of 551.0%.

Analysts Set New Price Targets

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

Institutional Trading of DRDGOLD

Institutional investors and hedge funds have recently modified their holdings of the business. 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. Signaturefd LLC grew 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 worth $121,000 after buying an additional 1,086 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of DRDGOLD by 9.7% in the third quarter. TD Waterhouse Canada Inc. now owns 31,343 shares of the basic materials company's stock valued at $760,000 after buying an additional 2,780 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of DRDGOLD by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 169,473 shares of the basic materials company's stock valued at $4,973,000 after buying an additional 5,019 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DRDGOLD in the first quarter valued at approximately $154,000. Hedge funds and other 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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