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Drdgold ( (DRD) ) has provided an update.
For the quarter ended 31 March 2026, DRDGOLD increased gold production by 6% to 1,219 kg as ore milled rose 5% and yield improved marginally, although gold sold declined 6% versus the December 2025 quarter. Cost discipline kept cash operating costs per tonne flat in rand terms and slightly lower per kilogram, while all-in sustaining and all-in costs per kilogram fell 5% and 7% respectively, indicating stronger operational efficiency.
Quarterly revenue rose 6% to R2.96 billion, or 11% in U.S. dollar terms, driven mainly by a 13% higher average rand gold price received and an 18% increase in the dollar gold price per ounce. Operating profit climbed 19% to R1.85 billion and adjusted EBITDA grew 21% to R1.81 billion, despite lower sustaining and growth capital spend, underscoring improved profitability and a supportive pricing environment for shareholders and other stakeholders.
The most recent analyst rating on (DRD) stock is a Buy with a $46.50 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
Spark’s Take on DRD Stock
According to Spark, TipRanks’ AI Analyst, DRD is a Outperform.
The score is driven primarily by strong financial performance (profitability, growth, and very low leverage), supported by a clear bullish price trend. Offsetting factors are stretched technical momentum (RSI/Stochastics) and a relatively high P/E with a modest dividend yield.
To see Spark’s full report on DRD stock, click here.
More about Drdgold
DRDGOLD Limited is a South African gold producer focused on the retreatment of surface gold tailings, with shares listed on the JSE, A2X and the NYSE under the ticker DRD. The company operates in the precious metals sector, leveraging large volumes of low-grade ore to generate gold production and is exposed to movements in both the Rand and U.S. dollar gold prices.
Average Trading Volume: 298,837
Technical Sentiment Signal: Buy
Current Market Cap: $2.32B
For detailed information about DRD stock, go to TipRanks’ Stock Analysis page.