DRDGOLD (NYSE:DRD) Price Target Raised to $35.00 at HC Wainwright

DRDGOLD (NYSE:DRD) had its price target boosted by analysts at HC Wainwright from $33.00 to $35.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 25.63% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Wall Street Zen downgraded DRDGOLD from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Zacks Research lowered DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.00.

DRDGOLD Stock Up 14.7%

Shares of NYSE DRD opened at $27.86 on Thursday. The firm’s 50-day moving average price is $22.18 and its 200-day moving average price is $27.39. DRDGOLD has a 52-week low of $14.65 and a 52-week high of $39.37.

DRDGOLD (NYSE:DRD) last released its quarterly earnings data on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The company had revenue of $188.03 million for the quarter. As a group, equities research analysts forecast that DRDGOLD will post 2.71 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in DRDGOLD by 33.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company’s stock worth $70,000 after acquiring an additional 566 shares during the period. Osaic Holdings Inc. increased its stake in shares of DRDGOLD by 8.1% in the 4th quarter. Osaic Holdings Inc. now owns 7,564 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 570 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of DRDGOLD by 7.0% in the 3rd quarter. Merit Financial Group LLC now owns 12,277 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 800 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in DRDGOLD by 3.5% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 26,451 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 895 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 1,059 shares during the period. 14.70% of the stock is currently owned by institutional investors.

Trending Headlines about DRDGOLD

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: DRDGOLD reported quarterly earnings of $0.83 per share and revenue of $188.03 million, giving investors evidence of solid operating momentum. DRDGOLD quarterly earnings
• Positive Sentiment: Full-year profit reportedly increased 83%, while free cash flow rose 85% to approximately R2.3 billion. The improvement strengthens the company’s ability to fund dividends and future growth. DRDGold’s year of delivery sends profit up 83% DRDGOLD free cash flow up 85%
• Positive Sentiment: The company declared a record dividend, extending its dividend-paying record to 19 consecutive years. The payout may appeal to income-focused investors and signals management confidence in cash flows. DRDGOLD declares record dividend
• Positive Sentiment: Management described the year as a period of strong delivery and is exploring expansion opportunities outside South Africa, potentially creating longer-term growth beyond its existing operations. DRDGold pays dividends and eyes expansion
• Neutral Sentiment: The earnings call and company presentation provide additional detail on production, costs, capital allocation and expansion plans; investors will need to assess whether the strong results can be sustained. DRDGOLD Q4 2026 earnings call transcript

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.