FY2025 Earnings Estimate for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD) – HC Wainwright upped their FY2025 EPS estimates for shares of DRDGOLD in a research note issued on Wednesday, February 19th. HC Wainwright analyst H. Ihle now expects that the basic materials company will earn $1.06 per share for the year, up from their prior estimate of $0.89. HC Wainwright has a “Buy” rating and a $16.25 price objective on the stock. The consensus estimate for DRDGOLD’s current full-year earnings is $0.89 per share.

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

DRDGOLD Trading Up 1.1 %

NYSE DRD opened at $10.53 on Thursday. DRDGOLD has a 12 month low of $6.48 and a 12 month high of $12.70. The company’s 50 day simple moving average is $9.62 and its 200 day simple moving average is $9.75.

Hedge Funds Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 worth $28,000 after buying an additional 1,122 shares during the period. Van ECK Associates Corp lifted its position in shares of DRDGOLD by 24.2% in the 3rd quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company’s stock valued at $63,831,000 after acquiring an additional 1,291,541 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in DRDGOLD by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 93,206 shares of the basic materials company’s stock worth $899,000 after purchasing an additional 9,765 shares during the period. Blue Trust Inc. grew its position in DRDGOLD by 488.4% during the 3rd quarter. Blue Trust Inc. now owns 36,144 shares of the basic materials company’s stock worth $348,000 after purchasing an additional 30,001 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in DRDGOLD during the 4th quarter valued at $1,140,000. Hedge funds and other institutional investors 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.