FY2025 Earnings Forecast for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Equities research analysts at HC Wainwright lifted their FY2025 earnings per share estimates for shares of DRDGOLD in a research report issued on Wednesday, February 19th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings per share of $1.06 for the year, up from their prior forecast of $0.89. HC Wainwright has a “Buy” rating and a $16.25 price objective on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $0.89 per share.

Separately, StockNews.com upgraded shares of DRDGOLD from a “hold” rating to a “buy” rating in a research note on Wednesday.

DRDGOLD Trading Up 1.1 %

Shares of DRD stock opened at $10.53 on Thursday. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $9.75. DRDGOLD has a 12 month low of $6.48 and a 12 month high of $12.70.

Hedge Funds Weigh In On DRDGOLD

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of DRDGOLD by 24.2% during the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock worth $63,831,000 after purchasing an additional 1,291,541 shares in the last quarter. American Century Companies Inc. lifted its position in DRDGOLD by 72.9% in the fourth quarter. American Century Companies Inc. now owns 891,105 shares of the basic materials company’s stock worth $7,690,000 after purchasing an additional 375,705 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in DRDGOLD during the fourth quarter worth $1,449,000. ABC Arbitrage SA bought a new stake in DRDGOLD in the 4th quarter valued at $1,140,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of DRDGOLD in the 4th quarter valued at $1,045,000. 14.70% of the stock is currently owned by institutional investors.

DRDGOLD Company Profile

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.