H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Drdgold (DRD – Research Report) today and set a price target of $15.00. The company’s shares closed yesterday at $13.35.
According to TipRanks, Ihle is an analyst with an average return of -12.2% and a 31.66% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Gold Resource, and Endeavour Silver.
Currently, the analyst consensus on Drdgold is a Moderate Buy with an average price target of $15.00.
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DRD market cap is currently $1.1B and has a P/E ratio of 16.00.
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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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