DRDGOLD Limited (NYSE:DRD – Get Free Report) CEO Daniel Pretorius sold 35,537 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total value of $97,726.75. Following the transaction, the chief executive officer directly owned 999,816 shares of the company’s stock, valued at $2,749,494. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
DRDGOLD Stock Up 4.9%
Shares of DRDGOLD stock traded up $1.39 on Thursday, reaching $29.69. 302,032 shares of the company were exchanged, compared to its average volume of 330,681. DRDGOLD Limited has a 1-year low of $19.47 and a 1-year high of $39.37. The company’s 50-day moving average is $23.38 and its two-hundred day moving average is $27.12.
DRDGOLD (NYSE:DRD – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The company had revenue of $188.03 million for the quarter. Equities research analysts forecast that DRDGOLD Limited will post 3.12 earnings per share for the current year.
DRDGOLD Announces Dividend
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. 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 report on Thursday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of DRDGOLD in a research note on Monday, August 3rd. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Zacks Research lowered shares of DRDGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.00.
Read Our Latest Research Report on DRD
Institutional Trading of DRDGOLD
A number of institutional investors have recently made changes to their positions in DRD. Arrowstreet Capital Limited Partnership increased its stake in shares of DRDGOLD by 239.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 989,089 shares of the basic materials company’s stock valued at $27,299,000 after acquiring an additional 697,840 shares during the period. Amundi bought a new stake in DRDGOLD during the third quarter worth approximately $17,467,000. AQR Capital Management LLC lifted its position in DRDGOLD by 265.4% in the fourth quarter. AQR Capital Management LLC now owns 314,679 shares of the basic materials company’s stock worth $9,758,000 after purchasing an additional 228,561 shares during the period. Millennium Management LLC lifted its position in DRDGOLD by 91.9% in the third quarter. Millennium Management LLC now owns 397,000 shares of the basic materials company’s stock worth $10,957,000 after purchasing an additional 190,152 shares during the period. Finally, Lazard Asset Management LLC bought a new position in DRDGOLD during the 4th quarter valued at $5,351,000. 14.70% of the stock is owned by institutional investors and hedge funds.
About DRDGOLD
DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.
The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.
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