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$4.78|
|52 Week High||US$10.96|
|52 Week Low||US$4.66|
|1 Month Change||-17.44%|
|3 Month Change||-21.77%|
|1 Year Change||-43.57%|
|3 Year Change||12.47%|
|5 Year Change||24.80%|
|Change since IPO||-94.03%|
Recent News & Updates
DRDGOLD goes ex dividend tomorrow
DRDGOLD (NYSE:DRD) has declared $0.20/share quarterly dividend, in line with previous. Payable Sept. 26; for shareholders of record Sept. 23; ex-div Sept. 22. See DRD Dividend Scorecard, Yield Chart, & Dividend Growth.
DRDGOLD (NYSE:DRD) Has Announced That Its Dividend Will Be Reduced To ZAR0.1801
DRDGOLD Limited's ( NYSE:DRD ) dividend is being reduced from last year's payment covering the same period to ZAR0.1801...
DRDGOLD FY 2022 Earnings Preview
DRDGOLD (NYSE:DRD) is scheduled to announce FY earnings results on Wednesday, August 24th, before market open. The consensus EPS Estimate is $0.75 (-99.6% Y/Y) and the consensus Revenue Estimate is $336.54M (+6298.1% Y/Y). Over the last 3 months, EPS estimates have seen 0 upward revisions and 0 downward. Revenue estimates have seen 0 upward revisions and 0 downward.
|DRD||US Metals and Mining||US Market|
Return vs Industry: DRD underperformed the US Metals and Mining industry which returned -16.6% over the past year.
Return vs Market: DRD underperformed the US Market which returned -23% over the past year.
|DRD Average Weekly Movement||7.5%|
|Metals and Mining Industry Average Movement||8.7%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: DRD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: DRD's weekly volatility (7%) 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||R3.52b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||11.50|
|Net Profit Margin||20.59%|
How did DRD perform over the long term?See historical performance and comparison
7.0%Current Dividend Yield
Is DRD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DRD?
Other financial metrics that can be useful for relative valuation.
|What is DRD's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does DRD's PE Ratio compare to its peers?
|DRD PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CMCL Caledonia Mining
GORO Gold Resource
FTCO Fortitude Gold
BVN Compañía de Minas BuenaventuraA
Price-To-Earnings vs Peers: DRD is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (8.5x).
Price to Earnings Ratio vs Industry
How does DRD's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Earnings vs Industry: DRD is expensive based on its Price-To-Earnings Ratio (7.5x) compared to the US Metals and Mining industry average (6.3x)
Price to Earnings Ratio vs Fair Ratio
What is DRD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||7.5x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DRD's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of DRD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DRD ($4.78) is trading above our estimate of fair value ($3.47)
Significantly Below Fair Value: DRD is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is DRDGOLD forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if DRD's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if DRD's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if DRD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DRD's revenue (14.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: DRD's revenue (14.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DRD's Return on Equity is forecast to be high in 3 years time
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How has DRDGOLD performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DRD has high quality earnings.
Growing Profit Margin: DRD's current net profit margins (20.6%) are lower than last year (24.8%).
Past Earnings Growth Analysis
Earnings Trend: DRD's earnings have grown significantly by 65.9% per year over the past 5 years.
Accelerating Growth: DRD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DRD had negative earnings growth (-21.2%) over the past year, making it difficult to compare to the Metals and Mining industry average (82.4%).
Return on Equity
High ROE: DRD's Return on Equity (19.8%) is considered low.
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How is DRDGOLD's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DRD's short term assets (ZAR2.8B) exceed its short term liabilities (ZAR553.8M).
Long Term Liabilities: DRD's short term assets (ZAR2.8B) exceed its long term liabilities (ZAR1.0B).
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.
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What is DRDGOLD current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|DRDGOLD Dividend Yield vs Market|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Metals and Mining)||3.8%|
|Analyst forecast in 3 Years (DRDGOLD)||n/a|
Notable Dividend: DRD's dividend (6.95%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: DRD's dividend (6.95%) is in the top 25% of dividend payers in the US market (4.57%)
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52%), DRD's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.7%), DRD's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Niel Pretorius (55 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
|Niel Pretorius's Compensation vs DRDGOLD Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||R38m||R7m|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||R19m||R7m|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||R13m||R6m|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||R11m||R6m|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||R6m||R6m|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||R10m||R5m|
Compensation vs Market: Niel's total compensation ($USD2.08M) is about average for companies of similar size in the US market ($USD2.89M).
Compensation vs Earnings: Niel's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: DRD's management team is seasoned and experienced (7.7 years average tenure).
Experienced Board: DRD's board of directors are considered experienced (5.8 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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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$410.113m
- Shares outstanding: 85.80m
- Website: https://www.drdgold.com
Number of Employees
- DRDGOLD Limited
- Cycad House
- Building 17
- South Africa
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DUBA||DB (Deutsche Boerse AG)||Yes||SPON ADR EACH REP 10 ORD NPV||DE||EUR||Jan 1975|
|DRD||NYSE (New York Stock Exchange)||Yes||SPON ADR EACH REP 10 ORD NPV||US||USD||Jan 1975|
|DRD N||BMV (Bolsa Mexicana de Valores)||Yes||SPON ADR EACH REP 10 ORD NPV||MX||MXN||Jan 1975|
|DRDG.F||OTCPK (Pink Sheets LLC)||Ordinary Shares||US||USD||Dec 1996|
|DRD||JSE (The Johannesburg Securities Exchange)||Ordinary Shares||ZA||ZAR||Dec 1996|
|DUB1||DB (Deutsche Boerse AG)||Ordinary Shares||DE||EUR||Dec 1996|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 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.