DRDGOLD Limited (NYSE:DRD – Get Free Report) insider Henry Gouws sold 89,160 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $217,550.40. Following the sale, the insider directly owned 3,050 shares in the company, valued at approximately $7,442. This represents a 96.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Henry Gouws also recently made the following trade(s):
- On Tuesday, September 1st, Henry Gouws sold 16,826 shares of DRDGOLD stock. The stock was sold at an average price of $2.75, for a total transaction of $46,271.50.
DRDGOLD Trading Down 3.5%
NYSE:DRD opened at $24.25 on Friday. DRDGOLD Limited has a 12 month low of $19.47 and a 12 month high of $39.37. The firm has a fifty day simple moving average of $26.20 and a 200-day simple moving average of $27.67.
DRDGOLD (NYSE:DRD – Get Free Report) last issued its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $188.03 million during the quarter. On average, sell-side analysts predict 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. Stockholders of record on Friday, September 11th were paid a $0.7379 dividend. This represents a dividend yield of 551.0%. The ex-dividend date was Friday, September 11th.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on DRD. HC Wainwright increased their price target on shares of DRDGOLD from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Zacks Research upgraded shares of DRDGOLD from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Wall Street Zen lowered shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.00.
Check Out Our Latest Stock Report on DRD
DRDGOLD News Roundup
Here are the key news stories impacting DRDGOLD this week:
- Positive Sentiment: Analyst sentiment remains generally favorable. DRDGOLD has a consensus rating of “Moderate Buy,” with a reported average price target of $35.00, while HC Wainwright raised its target to $35 from $33. HC Wainwright analyst report
- Positive Sentiment: Several institutional investors increased their DRDGOLD positions, including Renaissance Technologies, Amundi, Sei Investments, U.S. Global Investors and Y Intercept Hong Kong. This suggests some longer-term institutional confidence, although institutions own only about 14.7% of the shares.
- Neutral Sentiment: DRDGOLD announced the vesting of long-term incentive awards and a pooled sale of 510,105 shares. Because the transaction appears connected to vested compensation awards, some of the selling may reflect automatic liquidity, tax or compensation-related activity rather than a deterioration in business expectations. DRDGOLD vesting and pooled sale announcement
- Negative Sentiment: A broad group of executives and insiders sold shares acquired or held at approximately $2.44 per share. The transactions totaled roughly 505,000 shares and $1.23 million, including sales by CEO Daniel Pretorius, CFO Henriette Hooijer and COO Jacobus Schoeman. Other insiders reduced their holdings by 50% or more; Henry Gouws cut his position by nearly 97% and Kevin Kruger by nearly 89%. The breadth of the selling creates a substantial supply overhang and may raise concerns about insider confidence. DRDGOLD insider selling report
- Negative Sentiment: The shares are trading below both their 50-day and 200-day moving averages, indicating weakened technical momentum. Investors may therefore focus more heavily on whether the insider transactions signal additional selling pressure.
Hedge Funds Weigh In On DRDGOLD
Several institutional investors have recently made changes to their positions in DRD. Signaturefd LLC grew its holdings in DRDGOLD by 27.9% in the third quarter. Signaturefd LLC now owns 4,982 shares of the basic materials company’s stock valued at $121,000 after purchasing an additional 1,086 shares during the period. SG Americas Securities LLC purchased a new position in shares of DRDGOLD during the 1st quarter valued at approximately $154,000. EverSource Wealth Advisors LLC grew its stake in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 1,059 shares during the period. Sigma Planning Corp acquired a new stake in DRDGOLD in the 3rd quarter valued at $199,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in DRDGOLD in the 3rd quarter valued at $224,000. 14.70% of the stock is owned by hedge funds and other institutional investors.
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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