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H.C. Wainwright Sticks to Their Buy Rating for Drdgold (DRD)

H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Drdgold (DRDResearch Report) today and set a price target of $18.25. The company’s shares closed last Tuesday at $9.37.

According to TipRanks.com, Ihle is a 4-star analyst with an average return of 8.0% and a 46.6% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and Americas Gold and Silver.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Drdgold with a $18.25 average price target.

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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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