Key Points
- CEO Daniel Pretorius sold 35,537 DRDGOLD shares at an average price of $2.75, generating approximately $97,727 and reducing his direct ownership by 3.43% to 999,816 shares.
- DRDGOLD reported quarterly EPS of $0.83 on revenue of $188.03 million and announced a $0.7379 dividend, while its shares opened at $29.69 after rising 4.9%.
- Analyst views are mixed: the stock carries a consensus “Hold” rating with a $35 average target price, despite some buy ratings and a recent target increase from HC Wainwright.
DRDGOLD Limited (NYSE:DRD - Get Free Report) insider Mpho Mashatola sold 5,275 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $2.75, for a total transaction of $14,506.25. Following the completion of the sale, the insider directly owned 39,868 shares of the company's stock, valued at $109,637. This represents a 11.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
DRDGOLD Stock Performance
Shares of NYSE:DRD opened at $29.69 on Friday. The company's 50 day moving average price is $23.54 and its two-hundred day moving average price is $27.08. DRDGOLD Limited has a 12-month low of $19.47 and a 12-month high of $39.37.
DRDGOLD (NYSE:DRD - Get Free Report) last announced its 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, sell-side analysts forecast that DRDGOLD Limited will post 3.12 EPS for the current year.
DRDGOLD Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.7379 per share. This represents a yield of 530.0%. The ex-dividend date is Friday, September 11th.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Zacks Research lowered DRDGOLD from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. HC Wainwright boosted their price target on DRDGOLD from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. 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, Weiss Ratings reiterated a "buy (b-)" rating on shares of DRDGOLD in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $35.00.
Get Our Latest Stock Report on DRDGOLD
Key Headlines Impacting DRDGOLD
Here are the key news stories impacting DRDGOLD this week:
- Positive Sentiment: A Mining Weekly article describes the past year as “very good” for DRDGOLD, reinforcing the view that strong gold-market conditions and the company’s operating performance have supported investor interest. It’s been a very good year for DRDGOLD
- Negative Sentiment: Multiple executives and insiders collectively sold 139,080 shares for approximately $382,471 at an average price of $2.75 on September 1. The sales included CEO Daniel Pretorius, CFO Henriette Hooijer, COO Jacobus Schoeman and several other insiders. While these transactions may reflect scheduled or personal portfolio decisions rather than a change in company fundamentals, their breadth—and several large reductions in individual holdings—could pressure sentiment and limit the stock’s upside in the near term. SEC insider transaction filings
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in shares of DRDGOLD in the first quarter worth about $1,759,000. JPMorgan Chase & Co. grew its holdings in shares of DRDGOLD by 7,065.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 30,093 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 29,673 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of DRDGOLD by 75.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,249 shares of the basic materials company's stock valued at $3,882,000 after purchasing an additional 124,831 shares during the last quarter. Jane Street Group LLC increased its position in DRDGOLD by 174.4% during the 2nd quarter. Jane Street Group LLC now owns 124,255 shares of the basic materials company's stock worth $1,656,000 after purchasing an additional 78,978 shares in the last quarter. Finally, Bank of America Corp DE increased its position in DRDGOLD by 138.0% during the 2nd quarter. Bank of America Corp DE now owns 42,846 shares of the basic materials company's stock worth $571,000 after purchasing an additional 24,845 shares in the last quarter. Institutional investors and hedge funds own 14.70% of the company's stock.
About DRDGOLD
(
Get Free Report)
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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