FY2025 Earnings Estimate for DRDGOLD Issued By HC Wainwright

DRDGOLD Limited (NYSE:DRD - Free Report) - Equities researchers at HC Wainwright raised their FY2025 earnings estimates for DRDGOLD in a report released on Wednesday, February 19th. HC Wainwright analyst H. Ihle now expects that the basic materials company will post earnings per share of $1.06 for the year, up from their previous forecast 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 $1.06 per share.

Separately, StockNews.com raised shares of DRDGOLD from a "hold" rating to a "buy" rating in a research report on Wednesday.

DRDGOLD Trading Down 5.1 %

NYSE:DRD traded down $0.60 during trading hours on Thursday, hitting $11.05. The stock had a trading volume of 499,760 shares, compared to its average volume of 258,369. DRDGOLD has a 1-year low of $6.48 and a 1-year high of $12.70. The company has a market cap of $954.95 million, a PE ratio of 8.77 and a beta of 1.08. The business has a 50 day simple moving average of $9.70 and a two-hundred day simple moving average of $9.78.

Institutional Trading of DRDGOLD

A number of hedge funds have recently made changes to their positions in DRD. Blue Trust Inc. boosted its holdings in DRDGOLD by 488.4% in the third 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 during the period. Van ECK Associates Corp boosted its holdings in DRDGOLD by 24.2% in the third quarter. Van ECK Associates Corp now owns 6,621,470 shares of the basic materials company's stock worth $63,831,000 after purchasing an additional 1,291,541 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in DRDGOLD by 12.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 435,243 shares of the basic materials company's stock valued at $4,196,000 after buying an additional 48,442 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in DRDGOLD in the third quarter valued at $431,000. Finally, Virtu Financial LLC bought a new stake in DRDGOLD in the third quarter valued at $119,000. 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.