FY2027 Earnings Forecast for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Investment analysts at HC Wainwright issued their FY2027 earnings per share (EPS) estimates for shares of DRDGOLD in a research report issued to clients and investors on Thursday, August 20th. HC Wainwright analyst H. Ihle expects that the basic materials company will earn $2.73 per share for the year. HC Wainwright currently has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $3.12 per share.

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

DRDGOLD Stock Performance

NYSE DRD opened at $31.30 on Monday. DRDGOLD has a twelve month low of $17.60 and a twelve month high of $39.37. The stock’s 50 day moving average is $22.68 and its 200 day moving average is $27.34.

DRDGOLD (NYSE:DRD) last announced its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share (EPS) for the quarter. The firm had revenue of $188.03 million during the quarter.

Institutional Trading of DRDGOLD

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in DRDGOLD during the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC boosted its holdings 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 in the last quarter. Osaic Holdings Inc. boosted its holdings in DRDGOLD by 11.5% in the second quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 713 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of DRDGOLD in the third quarter worth $102,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of DRDGOLD in the fourth quarter worth $140,000. Hedge funds and other institutional investors own 14.70% of the company’s stock.

DRDGOLD Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 11th will be given a $0.7379 dividend. This represents a dividend yield of 530.0%. The ex-dividend date of this dividend is Friday, September 11th.

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.