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 $15.00. The company’s shares closed yesterday at $7.46.
Ihle covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, US Gold, and Drdgold. According to TipRanks, Ihle has an average return of -13.7% and a 31.74% success rate on recommended stocks.
Currently, the analyst consensus on Drdgold is a Moderate Buy with an average price target of $15.00.
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The company has a one-year high of $10.50 and a one-year low of $4.66. Currently, Drdgold has an average volume of 218K.
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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.
