DRDGOLD Limited

NYSE:DRD 株式レポート

時価総額：US$2.1b

DRDGOLD マネジメント

マネジメント 基準チェック /44

DRDGOLDの CEO はNiel Pretoriusで、 Jan2009年に任命され、 の在任期間は 17.58年です。 の年間総報酬はZAR 22.36Mで、 39.5%給与と60.5%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.12%を直接所有しており、その価値は$ 2.42M 。経営陣と取締役会の平均在任期間はそれぞれ8年と7.3年です。

主要情報

Niel Pretorius

最高経営責任者

R22.4m

報酬総額

CEO給与比率39.54%
CEO在任期間17.6yrs
CEOの所有権0.1%
経営陣の平均在職期間8yrs
取締役会の平均在任期間7.3yrs

経営陣の近況

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
分析記事 • 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
分析記事 • 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
分析記事 • 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...
分析記事 • 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...
分析記事 • 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
分析記事 • 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...
分析記事 • 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...
分析記事 • 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
分析記事 • 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...
分析記事 • 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.
分析記事 • Nov 22

We Take A Look At Whether DRDGOLD Limited's (NYSE:DRD) CEO May Be Underpaid

The impressive results at DRDGOLD Limited ( NYSE:DRD ) recently will be great news for shareholders. At the upcoming...

CEO報酬分析

DRDGOLD の収益と比較して、Niel Pretorius の報酬はどのように変化したか？
日付総報酬給与会社業績
Dec 31 2025n/an/a

R3b

Sep 30 2025n/an/a

R3b

Jun 30 2025R22mR9m

R2b

Mar 31 2025n/an/a

R2b

Dec 31 2024n/an/a

R2b

Sep 30 2024n/an/a

R2b

Jun 30 2024R20mR8m

R1b

Mar 31 2024n/an/a

R1b

Dec 31 2023n/an/a

R1b

Sep 30 2023n/an/a

R1b

Jun 30 2023R23mR8m

R1b

Mar 31 2023n/an/a

R1b

Dec 31 2022n/an/a

R1b

Sep 30 2022n/an/a

R1b

Jun 30 2022R22mR8m

R1b

Mar 31 2022n/an/a

R1b

Dec 31 2021n/an/a

R986m

Sep 30 2021n/an/a

R1b

Jun 30 2021R38mR7m

R1b

Mar 31 2021n/an/a

R1b

Dec 31 2020n/an/a

R1b

Sep 30 2020n/an/a

R943m

Jun 30 2020R19mR7m

R635m

報酬と市場: Nielの 総報酬 ($USD 1.38M ) は、 US市場 ($USD 5.10M ) の同様の規模の企業の平均を下回っています。

報酬と収益: Nielの報酬は、過去 1 年間の会社の業績と一致しています。

CEO

Niel Pretorius (59 yo)

17.6yrs
在職期間
R22,363,000
報酬

Mr. Daniel Johannes Pretorius, also known as Niel, B.Proc., LLB, LLM, serves as Chief Executive Officer at DRDGOLD Ltd. since January 1, 2009. Mr. Pretorius served as the Chief Executive Officer of Ergo Mi...

リーダーシップ・チーム

名称ポジション在職期間報酬所有権
Daniel Pretorius
CEO & Executive Director17.6yrsR22.36m0.12%
$ 2.4m
Wilhelm Schoeman
Chief Operating Officer12.1yrsR12.91m0.0029%
$ 60.4k
Henriette Hooijer
CFO & Executive Directorless than a yearデータなし0.019%
$ 391.7k
Refiloe Vengeni
Legal Counsel3.8yrsデータなしデータなし
Kevin Kruger
Head of Technical Services8yrsデータなしデータなし
Henry Gouws
Head of Operations14.8yrsデータなし0.00035%
$ 7.3k
Kgomotso Mbanyele
Company Secretary2.8yrsデータなしデータなし
8.0yrs
平均在職期間
52yo
平均年齢

経験豊富な経営陣: DRDの経営陣は経験豊富で経験豊富です（平均在職期間は8年）。

取締役

名称ポジション在職期間報酬所有権
Daniel Pretorius
CEO & Executive Director18yrsR22.36m0.12%
$ 2.4m
Henriette Hooijer
CFO & Executive Director1.1yrsデータなし0.019%
$ 391.7k
Timothy Cumming
Non-Executive Chairman6yrsR1.80mデータなし
Edmund Jeneker
Lead Independent Non-Executive Director18.8yrsR1.03mデータなし
Thulo Moletsane
Chairman of ERGO Mining Operations (Proprietary) Limitedno dataデータなしデータなし
Johan Holtzhausen
Independent Non-Executive Director12.3yrsR917.00kデータなし
Kuby Lebina
Independent Non-Executive Director7.3yrsR1.01mデータなし
Thoko Victoria Buyiswa Mnyango
Independent Non-Executive Director9.7yrsR856.00kデータなし
Charmel Flemming
Independent Non-Executive Director6yrsR893.00kデータなし
Mark Hoffman
Independent Non-Executive Directorno dataデータなしデータなし
7.3yrs
平均在職期間
59yo
平均年齢

経験豊富なボード: DRDの 取締役会 は 経験豊富 であると考えられます ( 7.3年の平均在任期間)。

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/08/17 15:23
終値2026/08/14 00:00
収益2025/12/31
年間収益2025/06/30

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

このレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。

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業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

DRDGOLD Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13

アナリスト機関
Herbert KharivheAbsa Bank Limited
Avishkar NagaserBofA Global Research
Arnold van GraanCIBC Capital Markets