HC Wainwright Raises DRDGOLD (NYSE:DRD) Price Target to $17.25

DRDGOLD (NYSE:DRD) had its price objective lifted by investment analysts at HC Wainwright from $13.25 to $17.25 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective would suggest a potential upside of 70.07% from the company’s current price. HC Wainwright also issued estimates for DRDGOLD’s FY2025 earnings at $0.89 EPS and FY2026 earnings at $0.90 EPS.

Separately, StockNews.com downgraded DRDGOLD from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

DRDGOLD Stock Down 0.6 %

Shares of NYSE DRD opened at $10.14 on Wednesday. The company has a market capitalization of $876.96 million, a PE ratio of 8.52 and a beta of 1.05. The firm has a fifty day simple moving average of $9.28 and a 200 day simple moving average of $9.65. DRDGOLD has a twelve month low of $6.48 and a twelve month high of $12.70.

Hedge Funds Weigh In On DRDGOLD

Several institutional investors have recently made changes to their positions in DRD. GAMMA Investing LLC raised its stake in DRDGOLD by 53.0% during the 4th quarter. GAMMA Investing LLC now owns 3,240 shares of the basic materials company’s stock worth $28,000 after buying an additional 1,122 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of 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 last quarter. Virtu Financial LLC purchased a new position in DRDGOLD in the third quarter worth $119,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in DRDGOLD during the fourth quarter valued at about $176,000. Finally, Blue Trust Inc. grew its holdings in DRDGOLD by 488.4% during the third quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock valued at $348,000 after purchasing an additional 30,001 shares during the period. 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.