DRDGOLD Limited (NYSE:DRD – Get Free Report) insider Lihan Laas sold 14,787 shares of DRDGOLD stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $2.44, for a total transaction of $36,080.28. Following the completion of the sale, the insider owned 14,787 shares of the company’s stock, valued at $36,080.28. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lihan Laas also recently made the following trade(s):
- On Tuesday, September 1st, Lihan Laas sold 9,029 shares of DRDGOLD stock. The shares were sold at an average price of $2.75, for a total value of $24,829.75.
DRDGOLD Trading Down 3.5%
Shares of DRD stock opened at $24.25 on Friday. DRDGOLD Limited has a 1 year low of $19.47 and a 1 year high of $39.37. The stock has a 50 day simple moving average of $26.20 and a 200 day simple moving average of $27.67.
DRDGOLD (NYSE:DRD – Get Free Report) last released its earnings results 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. On average, equities research analysts expect that DRDGOLD Limited will post 3.12 earnings per share for the current year.
DRDGOLD Dividend Announcement
The business also recently declared a dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 11th were issued a dividend of $0.7379 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a dividend yield of 551.0%.
Key Headlines Impacting DRDGOLD
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.
Institutional Investors Weigh In On DRDGOLD
Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in DRDGOLD by 58.3% during the first quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after buying an additional 128,832 shares during the last quarter. Amundi lifted its holdings in DRDGOLD by 9.1% in the first quarter. Amundi now owns 507,710 shares of the basic materials company’s stock valued at $14,911,000 after buying an additional 42,342 shares during the period. Sei Investments Co. boosted its position in DRDGOLD by 60.8% during the first quarter. Sei Investments Co. now owns 79,738 shares of the basic materials company’s stock valued at $2,342,000 after acquiring an additional 30,137 shares during the last quarter. U S Global Investors Inc. boosted its position in DRDGOLD by 10.6% during the first quarter. U S Global Investors Inc. now owns 245,545 shares of the basic materials company’s stock valued at $7,212,000 after acquiring an additional 23,512 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its holdings in DRDGOLD by 259.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,069 shares of the basic materials company’s stock worth $824,000 after acquiring an additional 20,261 shares during the period. Institutional investors and hedge funds own 14.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DRD. HC Wainwright upped 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. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research upgraded DRDGOLD from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Weiss Ratings raised DRDGOLD from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.00.
View Our Latest Stock Report on DRD
DRDGOLD Company Profile
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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