Drdgold (DRD)
NYSE:DRD
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Drdgold
(NYSE:DRD)
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Rating:67Neutral
Price Target:
$26.00
▼(-18.83% Downside)
Action:Downgraded
Date:06/07/26
The score is driven primarily by strong financial performance (healthy margins, solid revenue growth, and minimal leverage), partially offset by cash flow conversion concerns. Technicals are the biggest near-term drag with a clear downtrend and bearish momentum. Valuation is supportive due to a moderate P/E and a 2.22% dividend yield.
Positive Factors
High Profitability
Sustained high gross and EBITDA margins indicate structurally efficient processing and cost control in tailings retreatment. These margins provide a durable earnings buffer against periodic revenue swings and support reinvestment, dividends, and capacity to absorb input-cost shocks over months.
Negative Factors
Weak FCF Conversion
Despite solid operating profits, weak free cash flow growth and only ~36% conversion of net income to FCF indicate limited cash conversion efficiency. This constrains capacity to fund expansion, sustain dividends or accelerate rehabilitation without relying on external financing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained high gross and EBITDA margins indicate structurally efficient processing and cost control in tailings retreatment. These margins provide a durable earnings buffer against periodic revenue swings and support reinvestment, dividends, and capacity to absorb input-cost shocks over months.
Read all positive factors
Drdgold (DRD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.92B
Dividend Yield1.02%
Average Volume (3M)290.06K
Price to Earnings (P/E)10.0
Beta (1Y)0.51
Revenue Growth32.68%
EPS Growth91.90%
CountryUS
Employees893
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)226.70
Shares Outstanding86,739,770
10 Day Avg. Volume274,922
30 Day Avg. Volume290,055
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 Cap18.72
Enterprise Value/Revenue4.04
Enterprise Value/Gross Profit8.67
Enterprise Value/Ebitda8.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.76
Revenue Forecast (FY)$682.26M
Drdgold Business Overview & Revenue Model
Company Description
DRDGOLD Limited is a South African gold mining firm specializing in the retrieval of gold from surface tailings. Its comprehensive activities span the full spectrum of gold recovery, including exploration, extraction, processing, and smelting. The...
How the Company Makes Money
DRDGOLD makes money primarily by recovering gold from surface tailings and selling the produced gold into the market. Its core revenue stream is gold sales: the company hydraulically re-mines or dredges old tailings material, pumps it to processin...
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
Negative
32.03
Price Trends
28.15
Negative
30.68
Negative
28.99
Negative
Market Momentum
-1.40
Positive
27.69
Positive
6.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DRD, the sentiment is Negative. The current price of 32.03 is above the 20-day moving average (MA) of 25.88, above the 50-day MA of 28.15, and above the 200-day MA of 28.99, indicating a bearish trend. The MACD of -1.40 indicates Positive momentum. The RSI at 27.69 is Positive, neither overbought nor oversold. The STOCH value of 6.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $30.13B | 8.13 | 50.82% | 1.51% | 68.87% | 187.55% | |
73 Outperform | $9.17B | 9.23 | 32.51% | 0.87% | 31.10% | 57.19% | |
70 Outperform | $362.53M | 5.98 | 24.36% | 2.06% | 40.20% | 141.58% | |
67 Neutral | $1.92B | 10.01 | 32.58% | 1.02% | 32.68% | 91.90% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | $6.59B | -21.11 | -12.94% | ― | 19.11% | 27.86% |
* Basic Materials Sector Average
DRD
Drdgold
21.92
8.10
58.62%
GFI
Gold Fields
33.53
9.93
42.09%
HMY
Harmony Gold Mining
14.42
0.34
2.44%
SBSW
Sibanye Stillwater
9.08
2.26
33.10%
CMCL
Caledonia Mining
18.75
0.35
1.92%
DC
Dakota Gold Corp
4.62
0.82
21.58%
Drdgold Corporate Events
DRDGOLD boosts March-quarter profit on higher gold price and improved efficiencies
May 6, 2026
For the quarter ended 31 March 2026, DRDGOLD increased gold production by 6% to 1,219 kg as ore milled rose 5% and yield improved marginally, although gold sold declined 6% versus the December 2025 quarter. Cost discipline kept cash operating cost...
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.