NYSE:DRDDRDGOLD Stock Price, Forecast & News

$9.30

+0.15 (+1.64 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$9.21

Now: $9.30▼

$9.80

50-Day Range

$6.46

MA: $9.05▼

$10.34

52-Week Range

$1.72

Now: $9.30▼

$10.49

Volume463,300 shs

Average Volume393,498 shs

Market Capitalization$638.82 million

P/E Ratio116.25

Dividend Yield2.51%

Beta0.91

DRDGOLD Limited, a gold mining company, engages in surface gold tailings retreatment business in South Africa. The company's activities include exploration, extraction, processing, and smelting. It recovers gold from surface tailings in the central and western Witwatersrand basin in Gauteng province. The company was founded in 1895 and is headquartered in Rosebank, South Africa.

Beat the Market (BTM) Rank^™

1.5 Analyst's Opinion

Consensus Rating
DRDGOLD has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.25, DRDGOLD has a potential downside of 0.5% from its current price of $9.30.
Amount of Analyst Coverage
DRDGOLD has received no research coverage in the past 90 days.

2.1 Community Rank

Outperform Votes
DRDGOLD has received 140 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
DRDGOLD has received 188 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
DRDGOLD has received 57.32% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about DRDGOLD and other stocks. Vote “Outperform” if you believe DRD will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DRD will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
DRDGOLD is a leading dividend payer. It pays a dividend yield of 2.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
DRDGOLD has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of DRDGOLD is 287.50 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, DRDGOLD will have a dividend payout ratio of 58.97 % next year. This indicates that DRDGOLD will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DRDGOLD insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of DRDGOLD is held by insiders.
Percentage Held by Institutions
Only 9.99% of the stock of DRDGOLD is held by institutions.

0.0 Earnings and Valuation

Earnings Growth
Earnings for DRDGOLD are expected to decrease by -26.42% in the coming year, from $0.53 to $0.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DRDGOLD is 116.25, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of DRDGOLD is 116.25, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.60.
Price to Book Value per Share Ratio
DRDGOLD has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.39 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Gold & silver ores

Sub-IndustryN/A

SectorBasic Materials

Current SymbolNYSE:DRD

Previous SymbolNASDAQ:DROOY

CUSIPN/A

CIK1023512

Webwww.drdgold.com

Phone27-11-470-2600

Debt

Debt-to-Equity Ratio0.01

Current Ratio2.10

Quick Ratio1.44

Price-To-Earnings

Trailing P/E Ratio116.25

Forward P/E Ratio17.55

P/E GrowthN/A

Sales & Book Value

Annual Sales$194.84 million

Price / Sales3.28

Cash Flow$0.26 per share

Price / Cash Flow36.30

Book Value$2.76 per share

Price / Book3.37

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees2,617

Outstanding Shares68,690,000

Market Cap$638.82 million

Next Earnings DateN/A

OptionableOptionable

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DRDGOLD (NYSE:DRD) Frequently Asked Questions

How has DRDGOLD's stock been impacted by COVID-19 (Coronavirus)?

DRDGOLD's stock was trading at $6.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, DRD stock has increased by 54.5% and is now trading at $9.30. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of DRDGOLD?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DRDGOLD in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for DRDGOLD.

How often does DRDGOLD pay dividends? What is the dividend yield for DRDGOLD?

DRDGOLD announced an annual dividend on Friday, February 14th. Investors of record on Friday, March 6th will be given a dividend of $0.1684 per share on Thursday, March 19th. This represents a dividend yield of 1.5%. The ex-dividend date is Thursday, March 5th. This is a positive change from DRDGOLD's previous annual dividend of $0.08. View DRDGOLD's dividend history.

What price target have analysts set for DRD?

1 brokers have issued 12 month price objectives for DRDGOLD's stock. Their forecasts range from $9.25 to $9.25. On average, they expect DRDGOLD's stock price to reach $9.25 in the next twelve months. This suggests that the stock has a possible downside of 0.5%. View analysts' price targets for DRDGOLD.

Has DRDGOLD been receiving favorable news coverage?

News coverage about DRD stock has been trending extremely negative this week, InfoTrie reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. DRDGOLD earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutDRDGOLD.

Who are some of DRDGOLD's key competitors?

Some companies that are related to DRDGOLD include First Majestic Silver (AG), Harmony Gold Mining (HMY), Iamgold (IAG), Osisko gold royalties (OR), Eldorado Gold (EGO), Coeur Mining (CDE), Seabridge Gold (SA), Fortuna Silver Mines (FSM), Maverix Metals (MMX), McEwen Mining (MUX), Endeavour Silver (EXK), Corvus Gold (CORVF), BRP Group (MTA), Gold Reserve (GDRZF) and Rare Element Resource (REEMF). View all competitors.

What other stocks do shareholders of DRDGOLD own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DRDGOLD investors own include Harmony Gold Mining (HMY), Alamos Gold (AGI), Sibanye Gold (SBGL), B2Gold (BTG), Kinross Gold (KGC), Pan American Silver (PAAS), Yamana Gold (AUY), Advanced Micro Devices (AMD), AngloGold Ashanti (AU) and Enterprise Products Partners (EPD).

Who are DRDGOLD's key executives?

DRDGOLD's management team includes the following people:

Mr. Daniël Johannes Pretorius B.Proc., LLB, CEO & Exec. Director (Age 52)
Mr. Adriaan Jacobus Riaan Davel CA (SA), BCom (Hons), M.Com., CFO & Exec. Director (Age 43)
Ms. Reneiloe Masemene, Group Legal Counsel, Company Sec. & Prescribed Officer (Age 39)
Mr. Wilhelm Jacobus Schoeman BTech Ana, Operations Director of Ergo Mining Operations Proprietary Limited (Age 45)
Francois Bouwer, Group Financial Accountant

What is DRDGOLD's stock symbol?

DRDGOLD trades on the New York Stock Exchange (NYSE) under the ticker symbol "DRD."

Who are DRDGOLD's major shareholders?

DRDGOLD's stock is owned by many different institutional and retail investors. Top institutional investors include Ruffer LLP (6.89%), Connor Clark & Lunn Investment Management Ltd. (0.49%), U S Global Investors Inc. (0.40%), Jane Street Group LLC (0.12%), Banque Cantonale Vaudoise (0.04%) and Envestnet Asset Management Inc. (0.03%).

Which institutional investors are selling DRDGOLD stock?

DRD stock was sold by a variety of institutional investors in the last quarter, including Ruffer LLP, Morgan Stanley, and U S Global Investors Inc..

Which institutional investors are buying DRDGOLD stock?

DRD stock was purchased by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Jane Street Group LLC, Envestnet Asset Management Inc., and Banque Cantonale Vaudoise.

How do I buy shares of DRDGOLD?

Shares of DRD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is DRDGOLD's stock price today?

One share of DRD stock can currently be purchased for approximately $9.30.

How big of a company is DRDGOLD?

DRDGOLD has a market capitalization of $638.82 million and generates $194.84 million in revenue each year. The basic materials company earns $5.53 million in net income (profit) each year or $0.08 on an earnings per share basis. DRDGOLD employs 2,617 workers across the globe.

What is DRDGOLD's official website?

The official website for DRDGOLD is www.drdgold.com.

How can I contact DRDGOLD?

DRDGOLD's mailing address is 1 Sixty Jan Smuts Building 2nd Floor - North Tower 160 Jan Smuts Avenue, Rosebank T3, 2193. The basic materials company can be reached via phone at 27-11-470-2600 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff