In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Drdgold (DRD – Research Report), with a price target of $15.25. The company’s shares closed yesterday at $6.06.
Ihle covers the Basic Materials sector, focusing on stocks such as Golden Minerals Co, Hecla Mining Company, and Avino Silver & Gold. According to TipRanks, Ihle has an average return of -13.1% and a 26.95% success rate on recommended stocks.
Drdgold has an analyst consensus of Moderate Buy, with a price target consensus of $15.25.
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DRD market cap is currently $527.4M and has a P/E ratio of 7.77.
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DRDGOLD Ltd. engages in the business of retreatment of surface gold. It operates through the following segments: Ergo, FWGR, and Other Reconciling Items. The Ergo segment treats slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields. The FWGR segment focuses on the slime dams in the West Rand goldfields. The company was founded on February 16, 1895 and is headquartered in Rosebank, South Africa.
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