Drdgold (DRD)
NYSE:DRD
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Drdgold
(NYSE:DRD)
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Rating:73Outperform
Price Target:
$34.00
▲(11.77% Upside)
Action:ReiteratedDate:01/21/26
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.
Positive Factors
Low Leverage and Strong Capital Structure
Extremely low leverage and a high equity ratio give DRDGOLD durable financial flexibility to withstand commodity cycles, fund growth or pay dividends from internal resources, and avoid refinancing risk that can erode long-term returns.
Negative Factors
Weak Free Cash Flow Conversion
Negative FCF growth and only modest conversion of earnings to free cash flow reduce the company's margin for error when funding continued expansion, dividends or cost shocks, increasing reliance on commodity tailwinds or stricter capex discipline over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage and Strong Capital Structure
Extremely low leverage and a high equity ratio give DRDGOLD durable financial flexibility to withstand commodity cycles, fund growth or pay dividends from internal resources, and avoid refinancing risk that can erode long-term returns.
Read all positive factors
Drdgold (DRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.69B
Dividend Yield1.02%
Average Volume (3M)353.38K
Price to Earnings (P/E)0.6
Beta (1Y)0.47
Revenue Growth30.05%
EPS Growth73.40%
CountryUS
Employees893
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.14
Shares Outstanding86,739,770
10 Day Avg. Volume278,474
30 Day Avg. Volume353,379
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)2.30
Price to Sales (P/S)2.59
P/FCF Ratio16.25
Enterprise Value/Market Cap15.94
Enterprise Value/Revenue4.82
Enterprise Value/Gross Profit10.35
Enterprise Value/Ebitda9.78
Forecast
1Y Price Target
$46.50Price Target Upside52.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.77
Revenue Forecast (FY)$629.56M
Drdgold Business Overview & Revenue Model
Company Description
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings ...
How the Company Makes Money
DRDGOLD makes money by producing and selling gold recovered from historical tailings and related surface materials. Its revenue is largely driven by (1) the volume of gold produced from tailings retreatment and (2) the realized gold price (typical...
Drdgold Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.89B | 7.88B | 6.24B | 5.50B | 5.12B | 5.27B |
| Gross Profit | 4.14B | 3.13B | 1.81B | 1.59B | 1.38B | 1.88B |
| EBITDA | 4.38B | 3.38B | 1.86B | 1.96B | 1.78B | 2.07B |
| Net Income | 3.11B | 2.24B | 1.33B | 1.28B | 1.12B | 1.44B |
Balance Sheet | ||||||
| Total Assets | 14.63B | 12.25B | 9.45B | 8.15B | 7.08B | 6.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.31B | 521.50M | 2.46B | 2.51B | 2.18B |
| Total Debt | 21.48M | 17.40M | 29.20M | 39.70M | 52.30M | 54.80M |
| Total Liabilities | 3.88B | 3.36B | 2.56B | 1.88B | 1.64B | 1.53B |
| Stockholders Equity | 10.75B | 8.88B | 6.89B | 6.27B | 5.44B | 4.82B |
Cash Flow | ||||||
| Free Cash Flow | 1.55B | 1.26B | -1.14B | 510.40M | 913.70M | 1.18B |
| Operating Cash Flow | 4.43B | 3.51B | 1.85B | 1.66B | 1.50B | 1.57B |
| Investing Cash Flow | -2.76B | -2.28B | -3.04B | -1.19B | -626.20M | -446.60M |
| Financing Cash Flow | -611.40M | -443.10M | -750.70M | -532.20M | -533.00M | -653.50M |
Drdgold Technical Analysis
Neutral
30.42
Price Trends
32.57
Negative
31.74
Negative
25.88
Positive
Market Momentum
-0.76
Negative
49.72
Neutral
81.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DRD, the sentiment is Neutral. The current price of 30.42 is above the 20-day moving average (MA) of 29.38, below the 50-day MA of 32.57, and above the 200-day MA of 25.88, indicating a neutral trend. The MACD of -0.76 indicates Negative momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 81.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DRD.
Drdgold Risk Analysis
Drdgold disclosed 46 risk factors in its most recent earnings report. Drdgold reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Physical risks including extreme weather Q2, 2024
Drdgold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $43.95B | 10.92 | 50.82% | 1.51% | 49.62% | 195.39% | |
73 Outperform | $2.69B | 0.61 | 32.58% | 1.02% | 30.05% | 73.40% | |
73 Outperform | $10.54B | 5.53 | 32.51% | 0.87% | 29.08% | 72.12% | |
69 Neutral | $474.71M | 9.25 | 22.79% | 2.06% | 38.04% | 424.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | $9.23B | -34.86 | -12.94% | ― | 6.27% | 93.14% |
* Basic Materials Sector Average
DRD
Drdgold
31.04
17.09
122.56%
GFI
Gold Fields
48.67
27.79
133.06%
HMY
Harmony Gold Mining
16.57
2.03
13.92%
SBSW
Sibanye Stillwater
13.18
9.45
253.07%
CMCL
Caledonia Mining
24.58
12.97
111.64%
DC
Dakota Gold Corp
5.40
2.74
103.01%
Drdgold Corporate Events
DRDGOLD Doubles Earnings and Lifts Dividend on Strong Gold Price and Operational Resilience
Feb 18, 2026
DRDGOLD reported significantly stronger unaudited interim results for the six months to 31 December 2025, driven largely by a sharply higher rand gold price, even as gold production fell 9% to 2,337kg. Revenue rose 33% year-on-year to R5.1 billion...
DRDGOLD Flags Doubling of Interim Earnings on Strong Gold Price and Heavy Growth Spend
Feb 9, 2026
DRDGOLD reported that for the six months ended 31 December 2025 it expects earnings per share of between 216.9 cents and 228.2 cents, and headline earnings per share of between 217.5 cents and 228.7 cents, an increase of 93% to 103% year on year. ...
DRDGOLD Secures Five-Year Wage Deal at Ergo Operations
Feb 2, 2026
On 2 February 2026, DRDGOLD announced that it has concluded wage negotiations at its Ergo Mining operations with organised labour, ending a wage dispute that had prompted strike notices in December 2025. The company and the National Union of Minew...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.