DRDGold price target raised to $17.25 from $13.25 at H.C. Wainwright

H.C. Wainwright analyst Heiko Ihle raised the firm’s price target on DRDGold (DRD) to $17.25 from $13.25 and keeps a Buy rating on the shares. The firm says the company remains well positioned to meet its guidance. It views ongoing strength in gold pricing, especially when calculated in South African Rand, to remain a “strong tailwind” aiding DRDGold’s financial performance.