
DRDGOLD (DRD) Stock Forecast & Price Target
DRDGOLD (DRD) Analyst Ratings
Bulls say
DRDGold Ltd has reported a slight quarter-on-quarter increase in gold sales, reaching 37,231 ounces and benefiting from an average gold price of $3,429 per ounce, which contributed to a substantial adjusted growth in EBITDA of approximately R1,092.9 million. The company is positioned to strengthen its financial footing through improved liquidity and free cash flow, supported by a robust capital expenditure program of R7.8 billion aimed at expanding its gold operations. This favorable environment, characterized by record gold prices, has enabled DRDGold to increase its dividend while simultaneously planning for growth, highlighting a positive outlook for its operational sustainability and profitability.
Bears say
DRDGold Ltd's financial outlook appears negative due to an increase in all-in costs, which rose by 9% quarter-over-quarter to R781 million ($44.3 million), resulting in a higher cost per kilogram of gold produced. The company's financial pressures are further compounded by rising labor and electricity expenses, driven by elevated winter tariffs, as well as additional costs related to machine hire for site cleanup operations. These factors suggest significant operational challenges that may hinder profit margins, despite the ongoing strength in gold pricing.
This aggregate rating is based on analysts' research of DRDGOLD and is not a guaranteed prediction by Public.com or investment advice.
DRDGOLD (DRD) Analyst Forecast & Price Prediction
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