DRDGOLD Limited ADR logo

DRDGOLD Limited ADR(DRD)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
SELL
SELL for 2 days
PROFIT SINCE LAST BUY
+3.15% ▲
LAST CLOSE
$24.3
10/02/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DRD

10/02/2026: DRD (1-star) is a SELL. SELL for 2 days. Simulated Profits (3.15%). Updated daily EoD!

DRDGOLD Limited is a specialized gold mining company that generates value by retreating surface tailings in South Africa rather than engaging in traditional deep-level mining. This model provides the company with a unique, lower-cost structure and strong ESG credentials, which are central to its investment story. While the company benefits from consistent cash flow and dividend potential, investors must weigh these against risks such as geographic concentration, energy infrastructure challenges, and the finite lifespan of tailings assets. The stock primarily suits value and income-oriented investors seeking exposure to gold, provided they can tolerate regional volatility. Key developments to monitor include electricity grid reliability and gold price trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is limited by the finite nature of tailings assets.
Momentum investorMixed fitThe stock often follows the broader gold price trend rather than company-specific catalysts.
Value investorStrong fitThe company often trades at reasonable valuations relative to its cash flow generation.
Dividend investorStrong fitConsistent dividend payouts make it attractive for income-focused investors in the gold sector.
Low-risk investorWeak fitMining operations and South African exposure inherently carry higher volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighGold price fluctuations directly impact revenue and margins.
Valuation riskMediumThe stock can be overextended during gold price rallies.
Competition risk (Gold Mining)MediumOperational efficiency is vital in a competitive industry.
Business qualityMediumThe business relies on finite tailings assets.
Dividend incomeMedium / highDividends are variable based on earnings and cash availability.
Execution riskMediumOperational stability in South Africa is essential for project success.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 66.61%
Avg. Invested days 34
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DRD receives a 4-star rating, supported by solid unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DRD has solid overall fundamentals (4 stars), with strong financial health, strong growth momentum, and soft ownership. In FY2026 versus FY2025, strong earnings growth (+82.5%) and strong cash generation (FCF margin 19.2%) are partially offset by very low insider ownership of 0.00%.

Financial Health Rating

★★★★★
DRD's financial health is supported by strong cash strength, including free-cash-flow generation of $2.1B (19.2% of revenue). Liquidity is solid (4 stars), which helps explain the 5-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is DRD's strongest growth driver at +82.5% FY2026 versus FY2025 (strong, 5 stars). Revenue growth (+36.2%, strong) and free-cash-flow growth (+64.1%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 10.3% (soft) and 49.7% of outstanding shares are publicly tradable (moderate). Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

Van Eck Associates Corporation 1.33%
Acadian Asset Management LLC 0.99%
Connor Clark & Lunn Inv Mgmt Ltd 0.82%
BlackRock Inc 0.75%
American Century Companies Inc 0.51%

Unit Economics (Per $1K Revenue)

★★★★★
DRD generates approximately $530 of gross profit, $509 of operating income, and $192 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 27.66%

Quantitative Style Profile

★★★★★
DRD has a high-quality, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.11B USD
Price to earnings Ratio 8.13
1Y Target Price 35
Price to earnings Ratio 8.13
1Y Target Price 35
Volume (30-day avg) 290.6K shares
Beta 0.54
52 Weeks Range 18.94 - 37.93
Updated Date 10/02/2026
52 Weeks Range 18.94 - 37.93
Updated Date 10/02/2026
Dividends yield (FY) 4.26%
Basic EPS (TTM) 2.98

How Company Makes Money

Business areaWhat it includesRetail investor read
Tailings RetreatmentGold production from surface deposits.The company profits by extracting gold from mining waste, providing a lower-cost alternative to traditional mining.
South Africa (Geography)All primary operations and revenue sources.The company's success is tied to the South African regulatory and economic environment.
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Valuation

Trailing PE 8.13
Forward PE 8.29
Enterprise Value 2.08B
Price to Sales(TTM) 0.19
Enterprise Value 2.08B
Price to Sales(TTM) 0.19
Enterprise Value to Revenue 3.02
Enterprise Value to EBITDA 5.21
Shares Outstanding 86.88M
Shares Floating 43.16M
Shares Outstanding 86.88M
Shares Floating 43.16M
Percent Insiders -
Percent Institutions 10.35

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About DRDGOLD Limited ADR

Exchange NYSE
Headquarters -
IPO Launch date 1996-09-30
CEO & Executive Director Mr. Daniel Johannes Pretorius B.Proc., L.L.M., LLB
Sector Basic Materials
Industry Gold
Full time employees 881
Full time employees 881

DRDGOLD Limited, a gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa. It sells gold and silver bullion. It is involved in provision care and maintenance services; produces renewable power; employee home loans; and operation of training center. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited is a subsidiary of Sibanye Gold Limited.