DRDGOLD (NYSE:DRD) Announces Earnings Results

DRDGOLD (NYSE:DRD) issued its earnings results on Wednesday. The basic materials company reported $0.83 EPS for the quarter, reports. The company had revenue of $188.03 million for the quarter.

Here are the key takeaways from DRDGOLD’s conference call:

• Record financial performance was driven by a roughly 40% rise in the gold price and production just below 5 tonnes, above the high end of guidance. Revenue increased 42% to more than ZAR 11 billion, while operating profit, headline earnings and free cash flow rose 83%, 89% and 85%, respectively.
• DRDGOLD declared a final cash dividend of ZAR 1.20 per share, taking the full-year payout to 65% of free cash flow and extending its dividend record to 19 consecutive years. Management said dividends could grow as Vision 2028 capital spending declines, assuming gold prices and operating performance remain favorable.
• Vision 2028 milestones are progressing, including commissioning of the Daggafontein tailings facility, first gold production from the expanded DP2 smelt house, and receipt of the Libanon reclamation station water-use license. The RTSF was about two-thirds constructed, with full 1.2 million-tonne monthly throughput targeted for the first quarter of financial 2028.
• The company expects elevated capital spending to continue, with more than ZAR 3 billion planned for 2027 after record expenditure of ZAR 3.5 billion in 2026. Withok remains subject to regulatory approvals and is now expected to be completed during 2029, creating potential timing and throughput risks at Ergo.
• Management remains deliberately unhedged, preserving full upside to gold prices but leaving earnings and margins exposed if prices fall. Costs are also sensitive to diesel, trucking, reagents and other inflationary inputs, although 2026 cash-cost growth was contained to 7% despite these pressures.

DRDGOLD Stock Up 14.7%

Shares of NYSE:DRD opened at $27.86 on Thursday. The business has a fifty day simple moving average of $22.18 and a 200-day simple moving average of $27.39. DRDGOLD has a 52 week low of $14.65 and a 52 week high of $39.37.

DRDGOLD Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.7379 per share. This represents a dividend yield of 530.0%. The ex-dividend date of this dividend is Friday, September 11th.

Analyst Ratings Changes

Several brokerages have weighed in on DRD. Weiss Ratings restated a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research lowered DRDGOLD from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Finally, HC Wainwright reiterated a “buy” rating and issued a $35.00 price objective on shares of DRDGOLD in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Investors Weigh In On DRDGOLD

Institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of DRDGOLD by 239.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 989,089 shares of the basic materials company’s stock worth $27,299,000 after buying an additional 697,840 shares during the last quarter. Amundi acquired a new position in DRDGOLD in the third quarter valued at $17,467,000. Connor Clark & Lunn Investment Management Ltd. grew its position in DRDGOLD by 1.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 570,807 shares of the basic materials company’s stock valued at $15,754,000 after acquiring an additional 6,740 shares during the period. Millennium Management LLC grew its position in DRDGOLD by 91.9% during the third quarter. Millennium Management LLC now owns 397,000 shares of the basic materials company’s stock valued at $10,957,000 after acquiring an additional 190,152 shares during the period. Finally, Marshall Wace LLP increased its stake in DRDGOLD by 30.2% during the fourth quarter. Marshall Wace LLP now owns 391,702 shares of the basic materials company’s stock worth $12,147,000 after acquiring an additional 90,863 shares during the last quarter. 14.70% of the stock is currently owned by hedge funds and other institutional investors.

More DRDGOLD News

Here are the key news stories impacting DRDGOLD this week:

• Positive Sentiment: DRDGOLD reported quarterly earnings of $0.83 per share and revenue of $188.03 million, giving investors evidence of solid operating momentum. DRDGOLD quarterly earnings
• Positive Sentiment: Full-year profit reportedly increased 83%, while free cash flow rose 85% to approximately R2.3 billion. The improvement strengthens the company’s ability to fund dividends and future growth. DRDGold’s year of delivery sends profit up 83% DRDGOLD free cash flow up 85%
• Positive Sentiment: The company declared a record dividend, extending its dividend-paying record to 19 consecutive years. The payout may appeal to income-focused investors and signals management confidence in cash flows. DRDGOLD declares record dividend
• Positive Sentiment: Management described the year as a period of strong delivery and is exploring expansion opportunities outside South Africa, potentially creating longer-term growth beyond its existing operations. DRDGold pays dividends and eyes expansion
• Neutral Sentiment: The earnings call and company presentation provide additional detail on production, costs, capital allocation and expansion plans; investors will need to assess whether the strong results can be sustained. DRDGOLD Q4 2026 earnings call transcript

About DRDGOLD

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.