HC Wainwright Issues Positive Estimate for DRDGOLD Earnings

DRDGOLD Limited (NYSE:DRD) – Research analysts at HC Wainwright lifted their FY2026 earnings estimates for shares of 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 prior forecast of $17.72. HC Wainwright has a “Buy” rating and a $46.50 price target on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $1.06 per share.

Other equities analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of DRDGOLD from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded DRDGOLD from a “hold” rating to a “strong-buy” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DRDGOLD in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, DRDGOLD currently has an average rating of “Buy” and a consensus price target of $46.50.

DRDGOLD Stock Up 5.5%

Shares of NYSE DRD opened at $35.90 on Monday. DRDGOLD has a twelve month low of $10.73 and a twelve month high of $39.37. The business has a fifty day simple moving average of $33.70 and a two-hundred day simple moving average of $27.90.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cim LLC purchased a new position in DRDGOLD during the fourth quarter valued at approximately $551,000. XTX Topco Ltd purchased a new stake in DRDGOLD in the 4th quarter worth approximately $475,000. Quadrature Capital Ltd acquired a new stake in shares of DRDGOLD during the 4th quarter worth approximately $308,000. OLD Mission Capital LLC increased its holdings in shares of DRDGOLD by 104.9% during the 4th quarter. OLD Mission Capital LLC now owns 25,743 shares of the basic materials company’s stock valued at $798,000 after purchasing an additional 13,178 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of DRDGOLD by 265.4% during the 4th quarter. AQR Capital Management LLC now owns 314,679 shares of the basic materials company’s stock valued at $9,758,000 after purchasing an additional 228,561 shares in the last quarter. 14.70% of the stock is owned by institutional investors and hedge funds.

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.