DRD Stock Overview
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.95|
|52 Week High||US$13.18|
|52 Week Low||US$7.88|
|1 Month Change||8.49%|
|3 Month Change||-3.03%|
|1 Year Change||-17.28%|
|3 Year Change||347.50%|
|5 Year Change||54.58%|
|Change since IPO||-88.81%|
Recent News & Updates
DRDGOLD: Our Recommendation After Third Quarter Results
The Quarterly Gold production increased by 6.8% from the previous quarter to 46,587 ounces primarily due to an 8% increase in yield. DRDGOLD sold 45,912 ounces. The company announced it may declare an interim cash dividend in or around February 2022. I recommend buying DRD below $9.
DRDGOLD (NYSE:DRD) Is Very Good At Capital Allocation
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
DRDGold Is A Gold Blend Of High Dividend Yield And ESG
The company produces gold by processing slime and sand left behind by old mines. Its dividend yield is among the highest in the gold space and the company has been paying dividends for 14 consecutive years. FWGR phase two looks great and some of the recent share price weakness could be related to the Zuma riots in South Africa.
DRDGOLD (NYSE:DRD) Is Very Good At Capital Allocation
If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
|DRD||US Metals and Mining||US Market|
Return vs Industry: DRD underperformed the US Metals and Mining industry which returned 18.2% over the past year.
Return vs Market: DRD underperformed the US Market which returned 10.2% over the past year.
|DRD Average Weekly Movement||4.7%|
|Metals and Mining Industry Average Movement||8.6%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: DRD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: DRD's weekly volatility (5%) has been stable over the past year.
About the Company
DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. The company is involved in the exploration, extraction, processing, and smelting activities. It recovers gold from surface tailings in the Witwatersrand basin in Gauteng province.
DRDGOLD Fundamentals Summary
|DRD fundamental statistics|
Is DRD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DRD income statement (TTM)|
|Cost of Revenue||R3.39b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 16, 2022
|Earnings per share (EPS)||16.84|
|Net Profit Margin||27.33%|
How did DRD perform over the long term?See historical performance and comparison
5.8%Current Dividend Yield
Is DRDGOLD undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DRD ($8.95) is trading above our estimate of fair value ($5.9)
Significantly Below Fair Value: DRD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DRD is good value based on its PE Ratio (8.1x) compared to the US Metals and Mining industry average (8.8x).
PE vs Market: DRD is good value based on its PE Ratio (8.1x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: DRD's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: DRD is overvalued based on its PB Ratio (2.4x) compared to the US Metals and Mining industry average (2.2x).
How is DRDGOLD forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DRD's earnings are forecast to decline over the next 3 years (-19.8% per year).
Earnings vs Market: DRD's earnings are forecast to decline over the next 3 years (-19.8% per year).
High Growth Earnings: DRD's earnings are forecast to decline over the next 3 years.
Revenue vs Market: DRD's revenue is expected to decline over the next 3 years (-0.06% per year).
High Growth Revenue: DRD's revenue is forecast to decline over the next 3 years (-0.06% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DRD's Return on Equity is forecast to be low in 3 years time (12.3%).
How has DRDGOLD performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DRD has high quality earnings.
Growing Profit Margin: DRD's current net profit margins (27.3%) are higher than last year (15.2%).
Past Earnings Growth Analysis
Earnings Trend: DRD's earnings have grown significantly by 73% per year over the past 5 years.
Accelerating Growth: DRD's earnings growth over the past year (126.8%) exceeds its 5-year average (73% per year).
Earnings vs Industry: DRD earnings growth over the past year (126.8%) exceeded the Metals and Mining industry 125.5%.
Return on Equity
High ROE: DRD's Return on Equity (29.9%) is considered high.
How is DRDGOLD's financial position?
Financial Position Analysis
Short Term Liabilities: DRD's short term assets (ZAR2.7B) exceed its short term liabilities (ZAR531.5M).
Long Term Liabilities: DRD's short term assets (ZAR2.7B) exceed its long term liabilities (ZAR996.1M).
Debt to Equity History and Analysis
Debt Level: DRD is debt free.
Reducing Debt: DRD currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: DRD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DRD has no debt, therefore coverage of interest payments is not a concern.
What is DRDGOLD current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DRD's dividend (5.85%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: DRD's dividend (5.85%) is in the top 25% of dividend payers in the US market (3.48%)
Stability and Growth of Payments
Stable Dividend: DRD's dividend payments have been volatile in the past 10 years.
Growing Dividend: DRD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.5%), DRD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Niel Pretorius (54 yo)
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...
CEO Compensation Analysis
Compensation vs Market: Niel's total compensation ($USD2.46M) is about average for companies of similar size in the US market ($USD2.39M).
Compensation vs Earnings: Niel's compensation has increased by more than 20% in the past year.
Experienced Management: DRD's management team is seasoned and experienced (7 years average tenure).
Experienced Board: DRD's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DRDGOLD Limited's employee growth, exchange listings and data sources
- Name: DRDGOLD Limited
- Ticker: DRD
- Exchange: NYSE
- Founded: 1895
- Industry: Gold
- Sector: Materials
- Implied Market Cap: US$765.327m
- Shares outstanding: 85.51m
- Website: https://www.drdgold.com
Number of Employees
- DRDGOLD Limited
- Cycad House
- Building 17
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:37|
|End of Day Share Price||2022/01/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.