FY2026 Earnings Estimate for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Investment analysts at HC Wainwright decreased their FY2026 earnings per share estimates for shares of DRDGOLD in a report issued on Tuesday, September 23rd. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings per share of $1.42 for the year, down from their previous estimate of $1.62. HC Wainwright has a “Buy” rating and a $30.50 price objective on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $1.06 per share.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 17th. Zacks Research upgraded DRDGOLD from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Strong Buy” and a consensus target price of $30.50.

DRDGOLD Price Performance

NYSE DRD opened at $26.42 on Thursday. The company has a fifty day moving average price of $18.34 and a 200-day moving average price of $15.85. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 20.97 and a beta of 0.36. DRDGOLD has a 1 year low of $8.38 and a 1 year high of $28.50.

DRDGOLD Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 12th were given a $0.2269 dividend. This is a positive change from DRDGOLD’s previous annual dividend of $0.16. This represents a yield of 202.0%. The ex-dividend date of this dividend was Friday, September 12th. DRDGOLD’s payout ratio is presently 29.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DRD. Banque Cantonale Vaudoise bought a new stake in shares of DRDGOLD in the 1st quarter worth approximately $39,000. Brooklyn Investment Group increased its position in DRDGOLD by 769.7% in the first quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company’s stock worth $64,000 after buying an additional 3,633 shares during the last quarter. GAMMA Investing LLC increased its position in DRDGOLD by 52.9% in the first quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company’s stock worth $77,000 after buying an additional 1,713 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of DRDGOLD by 11.5% in the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock valued at $92,000 after buying an additional 713 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of DRDGOLD during the 4th quarter valued at $110,000. 14.70% of the stock is owned by institutional investors.

DRDGOLD Company Profile

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.