FY2026 Earnings Estimate for DRDGOLD Issued By HC Wainwright

Key Points

• HC Wainwright has lowered its FY2026 earnings estimate for DRDGOLD to $1.42 per share from $1.62, while maintaining a "Buy" rating and a target price of $30.50.
• DRDGOLD's recent annual dividend of $0.2269 reflects a significant increase from the previous $0.16, resulting in a yield of 202.0%.
• Despite the earnings downgrade, the consensus rating for DRDGOLD remains a "Strong Buy" with considerable institutional investor interest, as several hedge funds have recently adjusted their positions in the stock.

DRDGOLD Limited (NYSE:DRD - Free Report) - Analysts at HC Wainwright lowered their FY2026 earnings estimates for shares of DRDGOLD in a research report issued to clients and investors on Tuesday, September 23rd. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will earn $1.42 per share for the year, down from their previous forecast of $1.62. HC Wainwright currently has a "Buy" rating and a $30.50 target price on the stock. The consensus estimate for DRDGOLD's current full-year earnings is $1.06 per share.

A number of other analysts have also recently commented on DRD. Zacks Research upgraded DRDGOLD from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Wall Street Zen lowered shares of DRDGOLD from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average price target of $30.50.

DRDGOLD Trading Down 4.7%

NYSE DRD opened at $26.26 on Thursday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.84 and a beta of 0.36. The stock has a 50-day moving average of $18.09 and a 200 day moving average of $15.76. DRDGOLD has a twelve month low of $8.38 and a twelve month high of $28.50.

DRDGOLD Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, September 22nd. Shareholders of record on Friday, September 12th were paid a $0.2269 dividend. This is a positive change from DRDGOLD's previous annual dividend of $0.16. The ex-dividend date of this dividend was Friday, September 12th. This represents a yield of 202.0%. DRDGOLD's dividend payout ratio is 29.37%.

Institutional Investors Weigh In On DRDGOLD

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise acquired a new stake in shares of DRDGOLD in the first quarter valued at $39,000. Brooklyn Investment Group increased its stake in DRDGOLD by 769.7% during the 1st quarter. Brooklyn Investment Group now owns 4,105 shares of the basic materials company's stock worth $64,000 after buying an additional 3,633 shares during the period. GAMMA Investing LLC lifted its holdings in DRDGOLD by 52.9% during the 1st quarter. GAMMA Investing LLC now owns 4,953 shares of the basic materials company's stock worth $77,000 after buying an additional 1,713 shares in the last quarter. Osaic Holdings Inc. boosted its position in DRDGOLD by 11.5% in the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company's stock valued at $92,000 after buying an additional 713 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of DRDGOLD in the fourth quarter worth $110,000. Institutional investors and hedge funds 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.

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