FY2025 Earnings Forecast for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Investment analysts at HC Wainwright raised their FY2025 earnings per share estimates for shares of DRDGOLD in a research note issued to investors on Wednesday, January 22nd. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings of $0.89 per share for the year, up from their previous estimate of $0.75. HC Wainwright has a “Buy” rating and a $17.25 price objective 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 Trading Up 6.7 %

NYSE:DRD opened at $10.22 on Thursday. DRDGOLD has a 12 month low of $6.48 and a 12 month high of $12.70. The stock has a 50 day moving average of $9.27 and a two-hundred day moving average of $9.65. The firm has a market cap of $883.19 million, a P/E ratio of 8.58 and a beta of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock valued at $28,000 after buying an additional 1,122 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,840 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of DRDGOLD during the third quarter worth about $119,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in DRDGOLD in the 4th quarter valued at about $176,000. Finally, Blue Trust Inc. increased its position in DRDGOLD by 488.4% in the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock valued at $348,000 after acquiring an additional 30,001 shares during the period. 14.70% of the stock is currently owned by institutional investors and hedge funds.

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.