Upgrade DRDGOLD Limited to "Buy" as rising gold prices and improved financials drive future earnings and dividends. DRD benefits from robust gold prices, outpacing the S&P 500 with a 76% total return and maintaining a strong balance sheet with no debt. Growth initiatives at FWGR and Ergo, cost-saving energy projects, and ambitious CapEx plans support long-term production and sustainability.
DRD's improved gold recovery yield lifted production and earnings in Q1 FY2026, showcasing its operational strength amid rising costs.
Gold's record surge and central bank pivot to bullion spotlight GFI, DRD and GLDG as stocks poised to ride the momentum.
| Metals & Mining Industry | Materials Sector | Daniel Johannes Pretorius B.Proc., LLB CEO | LSE Exchange | US26152H3012 ISIN |
| ZA Country | 893 Employees | 12 Sep 2025 Last Dividend | 23 Jul 2007 Last Split | - IPO Date |
DRDGOLD Limited is a preeminent gold mining company, primarily engaged in surface gold tailings retreatment operations in South Africa. It boasts a rich history that dates back to 1895, originally incorporated as Durban Roodepoort Deep Limited before undergoing a name change to DRDGOLD Limited in 2004. The company has established its headquarters in Johannesburg, South Africa, and operates under the umbrella of Sibanye Gold Limited as a subsidiary. DRDGOLD Limited's operations are not just confined to gold recovery from surface tailings but also extend into exploration, extraction, processing, and smelting activities, spanning the full gamut of gold mining and production.