DRDGOLD (NYSE:DRD) Shares Gap Up – What’s Next?

Posted by Brenda Bartman on Aug 19th, 2026

Shares of DRDGOLD Limited (NYSE:DRD – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $24.30, but opened at $27.15. DRDGOLD shares last traded at $27.3760, with a volume of 128,529 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DRD. Wall Street Zen cut DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research downgraded DRDGOLD from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of DRDGOLD in a research report on Monday, August 3rd. Finally, HC Wainwright reiterated a “buy” rating and issued a $35.00 target price on shares of DRDGOLD in a research note on Thursday, July 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Get Our Latest Stock Report on DRD

DRDGOLD Price Performance

The company has a fifty day simple moving average of $22.06 and a 200-day simple moving average of $27.44.

DRDGOLD (NYSE:DRD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The basic materials company reported $0.83 EPS for the quarter. The firm had revenue of $188.03 million during the quarter. On average, equities research analysts forecast that DRDGOLD Limited will post 2.71 EPS for the current fiscal year.

Institutional Trading of DRDGOLD

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in DRDGOLD by 111.3% in the 1st quarter. Bank of America Corp DE now owns 34,630 shares of the basic materials company’s stock worth $1,017,000 after purchasing an additional 18,241 shares during the last quarter. Amundi boosted its stake in DRDGOLD by 9.1% during the 1st quarter. Amundi now owns 507,710 shares of the basic materials company’s stock valued at $14,911,000 after purchasing an additional 42,342 shares during the period. EverSource Wealth Advisors LLC grew its holdings in DRDGOLD by 21.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,895 shares of the basic materials company’s stock valued at $173,000 after buying an additional 1,059 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DRDGOLD in the first quarter worth $341,000. Finally, Renaissance Technologies LLC grew its position in DRDGOLD by 58.3% in the 1st quarter. Renaissance Technologies LLC now owns 349,645 shares of the basic materials company’s stock worth $10,269,000 after purchasing an additional 128,832 shares during the last quarter. Institutional investors and hedge funds own 14.70% of the company’s stock.

About DRDGOLD

(Get Free Report)

DRDGOLD (NYSE: DRD) is a South African gold producer focused on the retreatment of surface tailings from historic mining operations on the Witwatersrand Basin. The company recovers fine gold particles from low‐grade tailings using an integrated, carbon‐in‐leach (CIL) processing circuit that is designed to maximize yield and minimize environmental impact. DRDGOLD’s operations are centered on sustainable resource utilization, transforming previously discarded material into saleable gold doré bars.

The company operates two primary tailings retreatment facilities on the West Rand and East Rand of Gauteng Province.