FY2025 Earnings Forecast for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – Stock analysts at HC Wainwright boosted their FY2025 EPS estimates for shares of DRDGOLD in a report released on Wednesday, February 19th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings of $1.06 per share for the year, up from their previous estimate of $0.89. HC Wainwright currently has a “Buy” rating and a $16.25 target price on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $0.89 per share.

Separately, StockNews.com upgraded DRDGOLD from a “hold” rating to a “buy” rating in a research report on Wednesday.

DRDGOLD Stock Performance

Shares of DRD opened at $11.63 on Thursday. DRDGOLD has a 12 month low of $6.48 and a 12 month high of $12.70. The company has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $9.76.

Institutional Investors Weigh In On DRDGOLD

A number of hedge funds have recently made changes to their positions in DRD. Aquatic Capital Management LLC acquired a new position in DRDGOLD in the fourth quarter valued at about $25,000. GAMMA Investing LLC raised 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 valued at $28,000 after acquiring an additional 1,122 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of DRDGOLD in the 4th quarter worth approximately $98,000. Virtu Financial LLC bought a new stake in DRDGOLD during the 3rd quarter worth approximately $119,000. Finally, Squarepoint Ops LLC acquired a new stake in DRDGOLD during the 4th quarter valued at $110,000. Institutional investors and hedge funds own 14.70% of the company’s stock.

About DRDGOLD

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.