DRDGOLD Limited

NYSE:DRD Lagerbericht

Marktkapitalisierung: US$2.3b

DRDGOLD Balance Sheet Health

Finanzielle Gesundheit Kriterienprüfungen 6/6

DRDGOLD hat ein Gesamteigenkapital von ZAR12.7B und eine Gesamtverschuldung von ZAR0.0, wodurch sich der Verschuldungsgrad auf 0% beläuft. Die Gesamtaktiva und Gesamtpassiva betragen ZAR17.4B bzw. ZAR4.7B. DRDGOLD Das EBIT des Unternehmens beträgt ZAR5.7B, so dass der Zinsdeckungsgrad -39.5 beträgt. Das Unternehmen verfügt über Barmittel und kurzfristige Anlagen in Höhe von ZAR2.8B.

Wichtige Informationen

0%

Verhältnis von Schulden zu Eigenkapital

R0

Verschuldung

Zinsdeckungsgrad-39.5x
BargeldR2.77b
EigenkapitalR12.75b
GesamtverbindlichkeitenR4.69b
GesamtvermögenR17.44b

Jüngste Berichte zur Finanzlage

Keine Aktualisierungen

Recent updates

Seeking Alpha • May 30

DRDGOLD: A Debt-Free Gold Proxy With Strong Margins And Execution Risk

Summary DRDGOLD offers a compelling 'Buy' case with a 12-month target price of $35.39, implying 36.10% upside at current gold prices. DRD's debt-free balance sheet, 53.7% operating margin, and disciplined capital allocation underpin robust cash generation and sustainable dividends. Vision 2028 targets doubling processing capacity, and extending mine life and is fully funded by operating cash flow, supporting long-term growth. Key risks include gold price volatility, sodium cyanide supply, and execution on Vision 2028 milestones, but DRD's operational leverage and cost discipline provide resilience. Read the full article on Seeking Alpha
Seeking Alpha • Apr 21

DRDGOLD: Stay Long This Unique Gold Producer

Summary DRDGOLD has delivered 53% total returns since June 2023, driven by rising gold prices and the company's excellent leverage to gold prices. DRDGOLD reprocesses historical waste tailings into gold, offering lower exploration risk and benefiting from fixed costs and rising gold prices. With gold prices rallying 27% YTD and expected to reach $4,000/oz, DRDGOLD's financial performance should continue to impress. Read the full article on Seeking Alpha
Seeking Alpha • Feb 03

DRDGold: Stuck In The Starting Blocks, Pan African Resources Leads The Way

Summary DRDGOLD Limited faces significant operational challenges, particularly with its Ergo project, which has underperformed due to regulatory delays and socio-economic disruptions. Despite high gold prices, DRDGOLD's future production is constrained by limited tailings storage capacity, impacting its ability to capitalize on favorable market conditions. Pan African Resources outperforms DRDGOLD in almost every metric, making it a more compelling long-term investment. Read the full article on Seeking Alpha
Analyseartikel • Nov 07

DRDGOLD's (NYSE:DRD) Profits Appear To Have Quality Issues

DRDGOLD Limited's ( NYSE:DRD ) robust recent earnings didn't do much to move the stock. We think this is due to...
Seeking Alpha • Sep 21

DRDGOLD: Why I'm Sticking With My Bullish Outlook

Summary DRDGOLD Limited's stock has delivered mixed returns amid a volatile operating environment. However, numerous inflection points have emerged. Despite experiencing lower production yields, DRDGOLD's full-year results were telling. The company's revenue grew by 14% to approximately $356 million, and its operating income increased in tandem. I hold a bullish view on Gold prices amid U.S. dollar weakness and economic tail risk. Yield normalization and Driefontein 2's expansion might add overlooked value. DRDGOLD's valuation metrics are mixed; while its P/B ratio is high, its EV/EBIT and P/E ratios are below five-year averages, indicating potential value. Read the full article on Seeking Alpha
Analyseartikel • Sep 18

DRDGOLD Limited's (NYSE:DRD) Share Price Is Matching Sentiment Around Its Earnings

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Seeking Alpha • Jul 12

DRDGold Has Steam, But Better From A Dip

Summary The company holds significant gold reserves and resources, with a focus on Ergo and FWGR segments in the Witwatersrand Basin in the Gauteng province of South Africa. The outlook is promising with bullish gold prices and a positive impact on throughput from the recent commissioning of tailings reprocessing assets. This analysis re-assigns a Hold rating to DRDGOLD Limited shares. Read the full article on Seeking Alpha
Analyseartikel • Jun 21

DRDGOLD (NYSE:DRD) Is Experiencing Growth In Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analyseartikel • Feb 21

DRDGOLD's (NYSE:DRD) Solid Profits Have Weak Fundamentals

DRDGOLD Limited ( NYSE:DRD ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
Analyseartikel • Feb 09

Many Still Looking Away From DRDGOLD Limited (NYSE:DRD)

DRDGOLD Limited's ( NYSE:DRD ) price-to-earnings (or "P/E") ratio of 9.6x might make it look like a buy right now...
Seeking Alpha • Jan 30

DRDGOLD: Lower Price Target Ahead Of Expected Gold Rally (Rating Downgrade)

Summary My analysis assigns a "Hold" rating to DRDGOLD Limited shares, downgraded from a "Buy" rating. DRDGOLD Limited is a gold producer in South Africa that reprocesses material from previous gold mining operations. DRD stock is well-positioned to benefit from expected increases in gold prices, but retail investors may want to wait for a lower price before buying. Read the full article on Seeking Alpha
Seeking Alpha • Nov 16

DRDGold: Strong Upside Potential Awaits Bullish Gold

Summary DRDGOLD Limited stock is re-assigned a Buy rating, with retail investors well positioned to benefit from the expected recovery in the price of gold. The correlation between the gold price and DRD's share price is positive, and DRD shareholders will be happy again as sentiment towards gold is on its way to turning strongly. The Company offers retail investors the opportunity to benefit from the increase in the price of gold without having to invest directly in the physical metal. Read the full article on Seeking Alpha
Analyseartikel • Nov 12

DRDGOLD's (NYSE:DRD) Returns On Capital Are Heading Higher

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...
Analyseartikel • Aug 16

If EPS Growth Is Important To You, DRDGOLD (NYSE:DRD) Presents An Opportunity

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analyseartikel • Jul 10

DRDGOLD (NYSE:DRD) Might Have The Makings Of A Multi-Bagger

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Seeking Alpha • Jun 03

DRDGOLD: Minting Gold From Waste

Summary DRDGOLD Limited is a standout gold mining company with an exceptional business model that focuses on reprocessing historical waste tailings and extracting leftover precious metals, making it perfect for the current ESG-focused investing environment. DRD has very high operating leverage to higher gold prices, and with inflation expectations potentially becoming unanchored, gold prices could be driven significantly higher, benefiting DRD. Although DRDGOLD's valuation is stretched, its stock price is likely to continue trading higher as long as gold prices maintain positive momentum. Read the full article on Seeking Alpha
Analyseartikel • May 05

Here's Why DRDGOLD (NYSE:DRD) Has Caught The Eye Of Investors

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analyseartikel • Mar 29

DRDGOLD's (NYSE:DRD) Returns On Capital Are Heading Higher

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Seeking Alpha • Jan 11

DRDGold: Bullish On Easing Cost Pressures Into Gold Momentum

Summary DRDGOLD is trading at a 9-month high, rallying alongside the price of gold. While 2022 results were impacted by inflationary cost pressures, we see margins improving going forward as a tailwind for earnings. We like DRD for its unhedged production profile and compelling 4% dividend yield. DRDGOLD Limited (DRD) is a leader in gold tailings retreatment which is the process of recovering precious metals from traditional mining waste. The model is recognized as environmentally conscious with attractive economics generating consistent profitability. We last covered the stock early last year, taking a decisively bullish view citing strength in the price of gold (GLD) at the time, and what we believed to be compelling value relative to sector peers. For what it's worth, DRD has delivered a positive return over the period, even as most of 2022 was defined by extreme volatility with earnings hit through inflationary cost pressures. Fast forward, our update today highlights a new wave of momentum in gold while many of those same cost challenges have reversed amid declining energy and logistics expenses setting up a boost to mining margins going forward. In our view, DRD remains a top-tier gold play with a generous dividend yield above 4% standing out as a compelling income idea in the sector. Macro tailwinds supporting further upside in gold prices can send DRD higher in 2023. DRD Key Metrics DRD released its fiscal 2022 year-end report back in August for the period ending June 30th. As a South Africa-based company, financials are only disclosed on a semi-annual basis. Last year, the revenue of R$5.1 billion "Rand" decreased by 3% year over year. This considers nearly flat gold production at 5,720kg, or 183k ounces, while the average price received was 3% lower. Total volumes processed for the year were slightly lower given disruptions from a heavy rainfall event at the "Ergo Mining" facility. This was balanced by a tick higher in the group-wide yield to 0.207 grams per ton compared to 0.20 g/t in the first half. source: company IR Going through the financials, the bigger story last year was a drop in the gross profit, down -27% y/y largely reflecting higher mining costs, particularly against a tough comparison period in 2021. The total all-in-sustaining cost ((AISC)) climbed 5% for the year with the margin at 19.4% declining from a materially larger 31.8% in 2021. Again, key operational inputs from consumables, materials, labor, and electricity played a role through higher prices. The cost of diesel was cited as driving the total cash operating cost at the "Ergo Mining" facility to $1470/oz compared to $1,272 in 2021. Separately, administrative expenses were also higher last year with some spending towards IT upgrades within operating charges. source: company IR Nevertheless, the takeaway here is that DRD remained profitable with a net income of R$1.1 billion for the year, translating to approximately $650 million at the current exchange rate. For 2022, DRD generated R$871 million in free cash flow or $51 million in dollars. From that amount, the company distributed approximately 60% of free cash flow as a dividend on common shares with the last payout of $0.20 per share for ADR holders distributed in September. Notably, this was the 20th consecutive year of regular distribution. source: company IR The latest update from the company came in October with a quarterly operational summary. Metrics like production, yield, and gold sold were nearly flat from the prior quarter. For the rest of 2023, several capital spending projects are planned including infrastructure updates and the expansion of a solar power source at Ergo. Still, management confirmed that with an ongoing "favorable position", a cash dividend will be considered around February in line with its complete interim financial results. In terms of guidance, the target we have is for 2023 gold production between 160k and 180k ounces. If confirmed, the high-end rate is nearly flat compared to 183k in 2022 between the Far West Gold Recoveries ((FWGR)) operation and Ergo. source: company IR What's Next For DRD? The bullish case for DRD beyond higher gold prices comes down to the tailwind of declining cost pressures. Going back to that graphic as the breakdown of operating costs, the setup here is a materially more favorable operating environment for key components between materials and electricity "energy" into 2023 compared to conditions last year defined by global supply chain disruptions and even the energy crisis. In other words, key financial and operating benchmarks including metrics like the AISC and cash costs can trend lower which can be directly positive for earnings. Better than expected margins, incremental to the top-line momentum as the rally in gold accelerates can be a very strong tailwind for shares of DRD. On that point, it's encouraging that gold has climbed above a key technical level of ~$1,825 which has bounced around as support and resistance over the past two years. Up more than 16% off the lows in November, we're watching an emerging breakout higher. The setup here is supported by macro trends including a weaker U.S. Dollar that has coincided with signs inflation has peaked worldwide, opening a door for the Fed to ease off its aggressively hawkish monetary policy stance. Risks assets benefit, with gold reacting to the shift in real interest rates as long-term Treasury yields pullback. We believe this trend can continue.

Analyse der Finanzlage

Kurzfristige Verbindlichkeiten: DRDDie kurzfristigen Aktiva des Unternehmens (ZAR3.8B) übersteigen seine kurzfristigen Passiva (ZAR1.1B).

Langfristige Verbindlichkeiten: DRDDie kurzfristigen Vermögenswerte des Unternehmens (ZAR3.8B) übersteigen seine langfristigen Verbindlichkeiten (ZAR3.6B).

Geschichte und Analyse des Verhältnisses von Schulden zu Eigenkapital

Verschuldungsgrad: DRD ist schuldenfrei.

Schulden abbauen: DRD hat seit wenigstens 5 Jahren keine Schulden.

Schuldendeckung: DRD hat keine Schulden und muss daher nicht durch den operativer Cashflow gedeckt werden.

Zinsdeckung: DRD hat keine Schulden, daher ist die Deckung der Zinszahlungen kein Problem.

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/09/13 03:09
Aktienkurs zum Tagesende2026/09/11 00:00
Gewinne2026/06/30
Jährliche Einnahmen2026/06/30

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
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Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
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Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

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Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

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Analysten-Quellen

DRDGOLD Limited wird von 13 Analysten beobachtet. 3 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.

AnalystEinrichtung
Herbert KharivheAbsa Bank Limited
Avishkar NagaserBofA Global Research
Arnold van GraanCIBC Capital Markets