DRDGOLD Limited (NYSE:DRD – Free Report) – Investment analysts at HC Wainwright raised their FY2025 earnings estimates for DRDGOLD in a research note issued to investors on Wednesday, January 22nd. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $0.89 for the year, up from their prior estimate of $0.75. HC Wainwright has a “Buy” rating and a $17.25 price target on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $0.75 per share. HC Wainwright also issued estimates for DRDGOLD’s FY2026 earnings at $0.90 EPS.
Separately, StockNews.com lowered DRDGOLD from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.
DRDGOLD Price Performance
Shares of DRD opened at $10.14 on Thursday. The company has a 50-day moving average of $9.28 and a two-hundred day moving average of $9.65. The stock has a market cap of $876.96 million, a price-to-earnings ratio of 8.52 and a beta of 1.05. DRDGOLD has a one year low of $6.48 and a one year high of $12.70.
Institutional Investors Weigh In On DRDGOLD
A number of institutional investors have recently modified their holdings of DRD. GAMMA Investing LLC increased its stake in shares of DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in DRDGOLD by 68.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,840 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in DRDGOLD by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock valued at $899,000 after buying an additional 9,765 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of DRDGOLD in the third quarter worth about $119,000. Finally, Blue Trust Inc. boosted its position in DRDGOLD by 41.3% during the fourth quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 14,912 shares during the period. Institutional investors and hedge funds own 14.70% of the company’s stock.
About DRDGOLD
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.
Read More
- Five stocks we like better than DRDGOLD
- Consumer Staples Stocks, Explained
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- Insider Buying Explained: What Investors Need to Know
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for DRDGOLD Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DRDGOLD and related companies with MarketBeat.com's FREE daily email newsletter.