FY2027 Earnings Estimate for DRDGOLD Issued By HC Wainwright

Key Points

• HC Wainwright maintained a Buy rating and a $35 price target for DRDGOLD, forecasting FY2027 earnings of $2.73 per share versus the current-year consensus estimate of $3.12.
• DRDGOLD reported quarterly earnings of $0.83 per share on revenue of $188.03 million, while analyst opinions remain mixed and produce a consensus rating of Hold.
• The company declared a $0.7379 per-share dividend payable September 21 to shareholders of record September 11; institutional investors own approximately 14.7% of the stock.

DRDGOLD Limited (NYSE:DRD - Free Report) - Analysts at HC Wainwright issued their FY2027 earnings estimates for DRDGOLD in a research note issued to investors on Thursday, August 20th. HC Wainwright analyst H. Ihle expects that the basic materials company will earn $2.73 per share 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 - Get Free Report) last announced its earnings results on Wednesday, August 19th. The basic materials company reported $0.83 earnings per share for the quarter. The business had revenue of $188.03 million for the quarter.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of DRDGOLD in a research report on Monday, August 3rd. Zacks Research lowered DRDGOLD from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen cut DRDGOLD from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DRDGOLD presently has a consensus rating of "Hold" and an average price target of $35.00.

DRDGOLD Stock Performance

Shares of DRD stock opened at $30.63 on Monday. DRDGOLD has a 52-week low of $16.57 and a 52-week high of $39.37. The stock's 50-day moving average price is $22.45 and its 200 day moving average price is $27.36.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DRD. Banque Cantonale Vaudoise acquired a new stake in DRDGOLD in the fourth quarter valued at about $42,000. Farther Finance Advisors LLC increased its position in DRDGOLD by 33.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,256 shares of the basic materials company's stock worth $70,000 after purchasing an additional 566 shares during the period. Osaic Holdings Inc. increased its position in DRDGOLD by 11.5% during the 2nd quarter. Osaic Holdings Inc. now owns 6,892 shares of the basic materials company's stock worth $92,000 after purchasing an additional 713 shares during the period. BNP Paribas Financial Markets acquired a new position in DRDGOLD during the 3rd quarter worth approximately $102,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of DRDGOLD during the 4th quarter worth approximately $140,000. 14.70% of the stock is owned by hedge funds and other institutional investors.

DRDGOLD Dividend Announcement

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

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