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Drdgold
(NYSE:DRD)
Drdgold (DRD) vs. SPDR S&P 500 ETF (SPY)
Drdgold Business Overview & Revenue Model
Drdgold Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.88B | 7.88B | 6.24B | 5.50B | 5.12B | 5.27B |
| Gross Profit | 3.10B | 3.13B | 1.81B | 1.59B | 1.38B | 1.88B |
| EBITDA | 3.51B | 3.38B | 1.86B | 1.96B | 1.78B | 2.07B |
| Net Income | 2.24B | 2.24B | 1.33B | 1.28B | 1.12B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 12.25B | 12.25B | 9.45B | 8.15B | 7.08B | 6.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.31B | 521.50M | 2.46B | 2.51B | 2.18B |
| Total Debt | 17.40M | 17.40M | 29.20M | 39.70M | 52.30M | 54.80M |
| Total Liabilities | 3.36B | 3.36B | 2.56B | 1.88B | 1.64B | 1.53B |
| Stockholders Equity | 8.88B | 8.88B | 6.89B | 6.27B | 5.44B | 4.82B |
Cash Flow | ||||||
| Free Cash Flow | 1.26B | 1.26B | -1.14B | 510.40M | 913.70M | 1.18B |
| Operating Cash Flow | 3.51B | 3.51B | 1.85B | 1.66B | 1.50B | 1.57B |
| Investing Cash Flow | -2.28B | -2.28B | -3.04B | -1.19B | -626.20M | -446.60M |
| Financing Cash Flow | -443.10M | -443.10M | -750.70M | -532.20M | -533.00M | -653.50M |
Drdgold Technical Analysis
Drdgold Risk Analysis
Drdgold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.72B | 22.18 | 28.10% | 1.02% | 30.05% | 73.40% | |
79 Outperform | $40.63B | 21.69 | 35.09% | 1.51% | 49.62% | 195.39% | |
77 Outperform | $13.00B | 16.24 | 32.05% | 0.87% | 29.08% | 72.12% | |
73 Outperform | $562.93M | 11.15 | 20.25% | 2.06% | 38.04% | 424.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $11.22B | -56.12 | -8.31% | ― | 6.27% | 93.14% |
Drdgold Corporate Events
On 19 December 2025, DRDGOLD announced that its wholly owned subsidiary Ergo Mining has sold its 100% interest in Stellar Energy Solutions, a developer of a shovel-ready 150MWh solar power project in Polokwane, to NOA Group Assets for R147.5 million in cash, with implementation set for 23 December 2025. The deal allows DRDGOLD to unlock value from the Stellar Project while simultaneously concluding a long-term electricity supply agreement under which NOA Group will provide 76GWh of renewable power annually from January 2028, supporting the company’s carbon-reduction goals and its Vision 2028 growth plans; this follows the successful commissioning during the 2025 financial year of a 60MWh solar plant and 160MWh battery system at Ergo, which already supplies about half of that operation’s power needs and generates grid credits from Eskom.
The most recent analyst rating on (DRD) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
On 18 December 2025, DRDGOLD announced that planned protected strike action at its Ergo Mining operations, called by the National Union of Mineworkers and the Association of Mineworkers and Construction Union, was suspended before it could begin with the morning shift that day. Although the wage and profit-share dispute that triggered the strike notice remains unresolved, the company stressed that its wage offer is above inflation, in line with recent gold-sector agreements and designed to preserve the long-term sustainability of the Ergo operations, noting that another union, the United Association of South Africa, accepted the deal on 12 December 2025 and that Ergo continues to operate without disruption while management seeks further engagement to avoid financial harm to employees and operational interruptions.
The most recent analyst rating on (DRD) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
DRDGOLD has announced a notice of impending strike action at its ERGO operations starting 18 December 2025, led by the National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU). This follows unresolved wage and profit-sharing disputes despite significant proposals from ERGO, including multi-year wage increases and performance incentives. The company has contingency measures to minimize disruption, though operational throughput may see reductions. Management continues to seek a resolution to mitigate financial and operational impact and protect stakeholder interests.
The most recent analyst rating on (DRD) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
On November 26, 2025, DRDGOLD Limited held its annual general meeting where all proposed ordinary and special resolutions were approved by the requisite majority of shareholders. Key resolutions included the appointment of BDO South Africa Inc. as auditors, the re-election and election of several directors, and the endorsement of the company’s remuneration policy and implementation report. The approval of these resolutions ensures continuity in governance and strategic direction, potentially impacting stakeholders positively by reinforcing investor confidence and operational stability.
The most recent analyst rating on (DRD) stock is a Buy with a $33.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
DRDGOLD Limited announced the resignation of its Chief Financial Officer, Riaan Davel, effective January 31, 2026, with Henriette Hooijer set to assume the role from February 1, 2026. Additionally, the company has published its annual compliance report in line with the Broad-Based Black Economic Empowerment Act, which is now available on its website.
The most recent analyst rating on (DRD) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
On October 28, 2025, DRDGOLD Limited released its Annual Integrated Report for the financial year ending June 30, 2025. The report highlights the company’s strategic objectives, performance, and sustainable business model, emphasizing its ability to create value for stakeholders. Celebrating its 130-year anniversary, DRDGOLD reflects on its transformation from a traditional mining company to a leader in gold tailings retreatment. The report also outlines the company’s Vision 2028, an R8 billion capital program aimed at extending its operational life and enhancing its position in the tailings retreatment industry.
The most recent analyst rating on (DRD) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
DRDGOLD Limited announced on October 28, 2025, the availability of its annual financial statements and annual integrated report for the year ended June 30, 2025. The company also issued a notice for its annual general meeting scheduled for November 26, 2025, which will be held remotely. The financial statements, audited by BDO South Africa Inc., showed no changes from the previously published condensed consolidated financial statements. This announcement ensures transparency and keeps stakeholders informed about the company’s financial health and governance practices.
The most recent analyst rating on (DRD) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
On October 24, 2025, DRDGOLD Limited announced significant dealings in securities and changes to its board and committees. The company executed a pooled sale of shares awarded under its long-term incentive scheme, with several executives and directors participating in the sale. Additionally, changes to the board included the resignation of Riaan Davel from the Social and Ethics Committee, replaced by Henriette Hooijer, and a review of the tenure of non-executive directors Johan Holtzhausen and Edmund Jeneker, with plans for their succession at upcoming annual meetings. These changes reflect DRDGOLD’s efforts to maintain board independence and diversity.
The most recent analyst rating on (DRD) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
On October 17, 2025, Riaan Davel, the Chief Financial Officer of DRDGOLD Limited, executed an on-market sale of 137,067 ordinary shares of the company. The sale, conducted at a volume-weighted average price of R54.599 per share, amounted to a total transaction value of R7,483,745.05. This transaction was carried out in compliance with the JSE Limited Listings Requirements, with prior clearance obtained.
The most recent analyst rating on (DRD) stock is a Buy with a $36.25 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.
DRDGOLD Limited reported a 2% increase in gold production to 1,191 kg for the quarter ended September 30, 2025, despite a 3% decrease in ore milled. The company benefited from a high average gold price of R1,943,398/kg, which contributed to a stable revenue of R2,254.9 million, a 2% increase from the previous quarter. Cash operating costs rose by 3% due to annual labor increases and higher reagent costs, while all-in sustaining costs increased due to higher cash operating costs and growth capital expenditure related to the Far West Gold Recoveries Phase II project. The company remains debt-free, although cash and cash equivalents decreased by R257.1 million after dividend payments and capital expenditures.
The most recent analyst rating on (DRD) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.