HC Wainwright Has Optimistic View of DRDGOLD FY2026 Earnings

DRDGOLD Limited (NYSE:DRD) – Investment analysts at HC Wainwright increased their FY2026 EPS estimates for DRDGOLD in a research note issued to investors on Thursday, February 19th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $22.27 for the year, up from their previous estimate of $17.72. HC Wainwright currently has a “Buy” rating and a $46.50 target price on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $1.06 per share.

DRD has been the subject of a number of other research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of DRDGOLD in a research report on Wednesday, January 21st. Wall Street Zen upgraded DRDGOLD from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research upgraded shares of DRDGOLD from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $46.50.

DRDGOLD Stock Up 5.5%

Shares of NYSE DRD opened at $35.90 on Monday. The firm’s 50-day moving average price is $33.70 and its 200-day moving average price is $27.90. DRDGOLD has a 52-week low of $10.73 and a 52-week high of $39.37.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in DRDGOLD during the fourth quarter valued at approximately $42,000. Farther Finance Advisors LLC raised its holdings in DRDGOLD by 88.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,690 shares of the basic materials company’s stock valued at $47,000 after buying an additional 792 shares during the period. BNP Paribas Financial Markets bought a new stake in DRDGOLD in the third quarter worth $102,000. Blue Trust Inc. boosted its stake in DRDGOLD by 21.8% during the fourth quarter. Blue Trust Inc. now owns 4,476 shares of the basic materials company’s stock worth $139,000 after buying an additional 800 shares during the period. Finally, Smartleaf Asset Management LLC bought a new position in DRDGOLD during the fourth quarter valued at $140,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Company Profile

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.