Drdgold ( (DRD) ) just unveiled an announcement.
DRDGOLD Limited reported a 12% decrease in gold production for the quarter ended March 31, 2025, compared to the previous quarter, primarily due to wet weather conditions affecting site access and yield. Despite a 4% increase in revenue driven by a 10% rise in average gold prices, the company faced higher cash operating costs per kilogram due to reduced production. The company remains optimistic about its financial position, with increased cash reserves and plans for a final dividend in August 2025, although it may fall short of its annual production guidance.
Spark’s Take on DRD Stock
According to Spark, TipRanks’ AI Analyst, DRD is a Outperform.
Drdgold shows strong financial health with robust revenue growth and a solid balance sheet. While the technical analysis indicates a bullish trend, caution is warranted due to overbought indicators. The valuation is fair, supporting a moderately positive outlook overall.
To see Spark’s full report on DRD stock, click here.
More about Drdgold
DRDGOLD Limited is a South African company primarily engaged in gold production. It focuses on the recovery of gold from surface tailings and is listed on the Johannesburg Stock Exchange, A2X, and the New York Stock Exchange.
Average Trading Volume: 534,484
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.29B
See more insights into DRD stock on TipRanks’ Stock Analysis page.