DRDGoldDRD
About: DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.
Employees: 2,956
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more capital invested
Capital invested by funds: $88.1M [Q2] → $120M (+$31.6M) [Q3]
0.05% more ownership
Funds ownership: 1.18% [Q2] → 1.23% (+0.05%) [Q3]
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
18% less funds holding
Funds holding: 77 [Q2] → 63 (-14) [Q3]
58% less call options, than puts
Call options by funds: $1.55M | Put options by funds: $3.69M
64% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 22
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Heiko Ihle 40% 1-year accuracy 70 / 174 met price target | 54%upside $13.25 | Buy Reiterated | 18 Oct 2024 |
Financial journalist opinion
