FY2025 Earnings Forecast for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Equities researchers at HC Wainwright lifted their FY2025 earnings per share estimates for shares of DRDGOLD in a note issued to investors on Wednesday, January 22nd. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $0.89 for the year, up from their previous forecast of $0.75. HC Wainwright has a “Buy” rating and a $17.25 price target on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $0.89 per share. HC Wainwright also issued estimates for DRDGOLD’s FY2026 earnings at $0.90 EPS.

DRDGOLD Stock Performance

Shares of DRDGOLD stock opened at $10.30 on Thursday. DRDGOLD has a 52-week low of $6.48 and a 52-week high of $12.70. The company’s 50 day moving average price is $9.30 and its 200-day moving average price is $9.66.

Institutional Investors Weigh In On DRDGOLD

A number of large investors have recently added to or reduced their stakes in DRD. GAMMA Investing LLC grew its stake in shares of DRDGOLD by 53.0% in the fourth quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 1,122 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in DRDGOLD by 68.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,529 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,840 shares during the period. JPMorgan Chase & Co. grew its position in shares of DRDGOLD by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock worth $899,000 after buying an additional 9,765 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of DRDGOLD during the third quarter valued at approximately $119,000. Finally, Blue Trust Inc. raised its holdings in shares of DRDGOLD by 41.3% during the fourth quarter. Blue Trust Inc. now owns 51,056 shares of the basic materials company’s stock valued at $441,000 after acquiring an additional 14,912 shares in the last quarter. Institutional investors own 14.70% of the company’s stock.

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.