Insider Selling: DRDGOLD (NYSE:DRD) Insider Sells 48,948 Shares of Stock

Key Points

• Insider selling: Dean Lindecke sold 48,948 DRDGOLD shares for approximately $119,433 at $2.44 each, reducing his position by 50%. He had also sold 20,060 shares in September.
• Company performance: DRDGOLD reported quarterly EPS of $0.83 on revenue of $188.03 million. Analysts expect full-year EPS of approximately $3.12.
• Market outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $35, while institutional investors own 14.7% of the company.

DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Dean Lindecke sold 48,948 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total value of $119,433.12. Following the sale, the insider owned 48,948 shares in the company, valued at $119,433.12. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dean Lindecke also recently made the following trade(s):

• On Tuesday, September 1st, Dean Lindecke sold 20,060 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $55,165.00.

DRDGOLD Price Performance

DRDGOLD stock traded up $0.03 during mid-day trading on Wednesday, hitting $24.85. The stock had a trading volume of 98,527 shares, compared to its average volume of 314,106. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The stock has a 50-day simple moving average of $26.26 and a two-hundred day simple moving average of $27.74.

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

DRDGOLD Dividend Announcement

The business 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. This represents a dividend yield of 551.0%. The ex-dividend date was Friday, September 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DRD. EverSource Wealth Advisors LLC increased its stake in shares of 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 during the last quarter. Signaturefd LLC grew its holdings in 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 purchasing an additional 1,086 shares during the period. TD Waterhouse Canada Inc. grew its holdings in DRDGOLD by 9.7% during the third 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 during the period. Dimensional Fund Advisors LP increased its position in DRDGOLD by 3.1% during the first 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 last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DRDGOLD during the 1st quarter worth approximately $154,000. Institutional investors own 14.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen downgraded DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Zacks Research raised shares of DRDGOLD from a "strong sell" rating to a "hold" rating in a research note on Monday, October 19th. HC Wainwright increased their price objective on shares of 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 raised DRDGOLD from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, DRDGOLD presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

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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