FY2027 Earnings Estimate for DRDGOLD Issued By HC Wainwright

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

DRDGOLD (NYSE:DRD) last issued 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.

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

DRDGOLD Trading Up 0.6%

Shares of DRD opened at $30.87 on Monday. The firm has a 50-day moving average price of $22.57 and a 200 day moving average price of $27.35. DRDGOLD has a 52-week low of $17.25 and a 52-week high of $39.37.

Institutional Investors Weigh In On DRDGOLD

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in shares of DRDGOLD during the 1st quarter valued at about $1,759,000. JPMorgan Chase & Co. grew its stake in shares of DRDGOLD by 7,065.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 30,093 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 29,673 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of DRDGOLD by 75.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,249 shares of the basic materials company’s stock worth $3,882,000 after purchasing an additional 124,831 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of DRDGOLD by 174.4% in the 2nd quarter. Jane Street Group LLC now owns 124,255 shares of the basic materials company’s stock worth $1,656,000 after purchasing an additional 78,978 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in DRDGOLD by 138.0% during the second quarter. Bank of America Corp DE now owns 42,846 shares of the basic materials company’s stock valued at $571,000 after purchasing an additional 24,845 shares during the last quarter. 14.70% of the stock is currently owned by institutional investors.

DRDGOLD Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, September 11th will be paid a dividend of $0.7379 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a yield of 530.0%.

About DRDGOLD

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.