In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Drdgold, with a price target of $46.50.
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Heiko Ihle has given his Buy rating due to a combination of factors that underscore DRDGOLD’s strong financial and operational momentum. The company delivered robust first-half FY26 results, with revenue, operating profit, and earnings all rising sharply on the back of a substantially higher realized gold price, while maintaining a solid cash position that supports ongoing reinvestment in its asset base.
In addition, Ihle points to self-funded growth potential through projects such as the Driefontein Plant 2 expansion and the new tailings storage facility, which are expected to materially lift processing capacity and future gold output. His valuation, based on a DCF-driven net asset value with a premium multiple, yields a target price well above the current level, supported further by attractive dividend growth, manageable risk factors, and limited labor disruption risk following recent wage agreements.
In another report released yesterday, TipRanks – Anthropic also initiated coverage with a Buy rating on the stock with a $41.00 price target.