DRDGOLD Limited
- Open
- 28.40
- Day high
- 28.41
- Day low
- 27.81
- Prev close
- 28.77
- Volume
- 238K
- Mkt cap
- $2.4B
- P/E (TTM)
- 0.8
- EPS (TTM)
- $37.57
- P/B
- 3.1
- P/S
- 2.1
- Yield
- 1.49%
- Per share
- $0.42
DRDGOLD Limited (DRD) is a Basic Materials company listed on NYSE. The stock is up 43% over the past year. Drillr has 1 published research article covering DRD.
DRDGOLD Limited (DRD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DRD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 19, 2026 | — | $16.41 | — | $372M | -8.9% |
| Feb 18, 2026 | — | $12.68 | — | $289M | -12.6% |
| Aug 20, 2025 | — | $0.83 | — | $231M | +0.7% |
| Feb 18, 2025 | — | $0.59 | — | $200M | — |
| Aug 21, 2024 | — | $0.47 | — | $180M | -48.5% |
| May 10, 2024 | — | $0.02 | — | $86M | — |
| Feb 14, 2024 | — | $0.19 | — | $162M | — |
| Oct 27, 2023 | — | $0.02 | — | $78M | — |
| Aug 23, 2023 | — | $0.23 | — | $151M | — |
| Feb 15, 2023 | — | $0.18 | — | $157M | — |
| Aug 24, 2022 | — | $0.02 | — | $89M | — |
| Feb 16, 2022 | — | $0.18 | — | $157M | — |
DRD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Hooijer Henriettedirector, officer: Chief Financial Officer | Grant | 74,019 | — |
| Aug 27, 2026 | Schoeman Jacobusofficer: Chief Operating Officer | Grant | 88,557 | — |
| Aug 27, 2026 | Pretorius Danieldirector, officer: Chief Executive Officer | Grant | 163,530 | — |
| Aug 27, 2026 | Mashatola Mphoofficer: Group Fin. & Business Dev. Mgr | Grant | 49,456 | — |
| Aug 27, 2026 | Laas Lihanofficer: Financial Manager FWGR Ops. | Grant | 29,053 | — |
| Aug 27, 2026 | Moloto Kgaboofficer: General Manager FWGR Ops. | Grant | 38,828 | — |
| Aug 27, 2026 | Kruger Kevinofficer: Head of Technical Services | Grant | 76,719 | — |
| Aug 27, 2026 | Bornman Rynoofficer: Financial Manager Ergo Ops. | Grant | 32,909 | — |
| Aug 27, 2026 | Lindecke Deanofficer: General Manager Ergo Ops. | Grant | 54,293 | — |
| Aug 27, 2026 | Gouws Henryofficer: Head of Prod., Dir. of Ergo | Grant | 76,769 | — |
| Aug 11, 2004 | WOODROW KENNETHdirector | Option | 5,000 | $15.65 |
| Feb 18, 2004 | WOODROW KENNETHdirector | Grant | 5,000 | $16.65 |
Source: DRD SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full DRD insider & 13F page →DRDGOLD Limited company profile
Overview
DRDGOLD Limited (NYSE:DRD) is a South African gold mining company founded in 1895 and headquartered in Johannesburg. The company specializes in surface gold tailings retreatment operations in the Witwatersrand basin of Gauteng province. DRDGOLD has been publicly traded since 1994 and currently operates as a subsidiary of Sibanye Gold Limited. The company has established itself as a leader in extracting residual gold from historical mining waste, contributing to environmental rehabilitation while generating profitable returns.
Business
DRDGOLD operates in the gold mining industry, specifically focusing on surface tailings retreatment - a specialized process that extracts remaining gold from waste materials left behind by previous mining operations. The company's core business involves reprocessing tailings dumps, which are large piles of crushed rock and soil that were discarded during historical gold mining activities in South Africa's famous Witwatersrand basin. The tailings retreatment process works by taking these historical waste piles and running them through modern extraction and processing facilities to recover gold that was not captured by older, less efficient mining technologies. This approach serves a dual purpose: generating revenue from gold recovery while simultaneously addressing environmental legacy issues by removing and rehabilitating contaminated land. DRDGOLD operates two main business segments: 1. Ergo Operations - This segment represents the larger portion of the business, generating approximately 60% of total revenue. Ergo focuses on retreatment of tailings in the East Rand area of Gauteng province, operating multiple processing plants and tailings facilities. 2. Far West Gold Operations - Contributing roughly 40% of revenue, this segment handles tailings retreatment activities in the West Rand area, also in Gauteng province. Both segments engage in the complete value chain from exploration and extraction through processing, smelting, and final gold production. The company's operations involve moving and processing millions of tons of tailings material annually through specialized plants that use flotation, leaching, and other metallurgical processes to extract gold particles.
Competitive moat
DRDGOLD's competitive moat is moderately strong but faces some limitations. The company's primary competitive advantage stems from its specialized expertise in tailings retreatment technology and its strategic positioning in the Witwatersrand basin, which contains some of the world's largest concentrations of gold-bearing tailings. The company benefits from high barriers to entry in its specific niche. Tailings retreatment requires specialized metallurgical knowledge, significant capital investment in processing equipment, and complex environmental permitting. DRDGOLD's decades of operational experience and established relationships with regulators create meaningful advantages for new entrants to overcome. Geographic concentration provides both strength and vulnerability. The Witwatersrand basin's unique geological characteristics and century-long mining history have created an enormous inventory of tailings material, giving DRDGOLD access to a substantial resource base. However, this geographic concentration also creates regulatory and political risks specific to South Africa. The company faces potential competitive threats from other mining companies that might enter the tailings retreatment space, particularly larger players with greater financial resources. Technological disruption could also pose risks if new extraction methods or alternative gold recovery techniques emerge. Additionally, resource depletion represents a long-term challenge, as tailings dumps are finite resources that will eventually be exhausted. The company's position as a subsidiary of Sibanye Gold Limited provides some strategic advantages through shared expertise and resources, but also creates potential conflicts of interest and limits strategic flexibility. Overall, DRDGOLD operates in a specialized niche with meaningful competitive advantages, though these advantages may not be insurmountable over the long term.
Risks & safety
DRDGOLD demonstrates a moderate margin of safety with generally sound financial metrics but some areas of concern. • Liquidity and Solvency: Current ratio of 1.57x indicates adequate short-term liquidity, though this has declined from stronger levels above 3.6x in previous periods. Cash and short-term investments of $29.5 million provide reasonable operating cushion. Debt-to-equity ratio of 0.004 shows minimal debt burden, indicating low solvency risk. • Cash Flow Dynamics: Operating cash flow of $31.4 million is positive, but free cash flow is negative at -$22.7 million due to significant capital expenditures. This pattern has persisted across recent periods, suggesting ongoing investment requirements that consume cash generation. • Valuation Metrics: P/E ratio of 9.1x appears reasonable for a cyclical commodity business. EV/EBITDA of 27.9x seems elevated, though this reflects the capital-intensive nature of recent expansion. Price-to-book ratio of 1.96x is moderate. • Profitability: Return on equity of 5.4% is relatively modest, indicating adequate but not exceptional returns on shareholder capital. • Other Considerations: The company's exposure to gold price volatility and South African operational risks create additional uncertainty. Graham net-net value is negative, suggesting the company trades above its liquidation value.
Recent development
Based on recent financial performance, DRDGOLD has focused on several key strategic initiatives over the past few years. The company has pursued environmental sustainability as a core strategic pillar, implementing a comprehensive approach to reduce its environmental footprint while maintaining profitability. This includes a significant reduction in potable water consumption by 10% and ongoing rehabilitation of tailings facilities, with 37 hectares of land being revegetated. A major development has been the company's renewable energy initiative, specifically the implementation of a 20-megawatt solar power project designed to reduce electricity costs and improve energy security. This project addresses one of the company's largest operational cost pressures, as South African electricity costs have been rising significantly. The solar installation includes modular storage units and represents a substantial capital investment in operational efficiency. DRDGOLD has also expanded its social investment programs, spending R52.9 million on socio-economic development initiatives. The company operates a broad-based livelihood program supporting over 4,000 families and focuses on developing the informal economy in surrounding communities. This strategic focus on social license to operate is crucial for maintaining operational permits and community support. The company has explored alignment with parent company Sibanye-Stillwater's "green metals" strategy, investigating opportunities in battery metals and future metals, though no specific projects have been announced. Operationally, DRDGOLD has been working to consolidate operations to fewer, higher-volume processing sites to improve efficiency and reduce costs, particularly at the Ergo operations where complex site management has driven up operational expenses.
DRD company profile · for informational purposes only — not investment advice.
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