DRDGOLD (ADR)
Recovers gold from historic Johannesburg-area tailings through Ergo and FWGR.
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Profile
Processes historic South African mine tailings through Ergo and FWGR, selling recovered gold to South African bullion banks. The two-segment platform works across the Johannesburg-area Rand and is controlled by Sibanye-Stillwater.
Recovers gold from historical mine tailings rather than operating underground mines. Its two operating segments, Ergo and Far West Gold Recoveries (FWGR), process slime dams and sand dumps around Johannesburg's East, Central and West Rand.
Gold is sold to South African bullion banks, making the business a specialized surface-retreatment platform rather than a conventional mine developer. Ergo covers deposits south of central Johannesburg and in the East and Central Rand; FWGR works in the West Rand. Sibanye-Stillwater is the controlling shareholder, while gold recovery, tailings throughput and environmental impact shape the operating agenda. Underground ERPM rights were disposed of in 2019.
Company facts
Key statistics
Year to date −5.1% · Average volume (30d) 322.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 16, 2026 | H.C. Wainwright | Reiterate | Buy | $46.50 | $35 |
| Jan 30, 2026 | H.C. Wainwright | Target | $36.25 | $46.50 | |
| Oct 17, 2025 | H.C. Wainwright | Target | $30.50 | $36.25 | |
| Sep 23, 2025 | H.C. Wainwright | Target | $13.25 | $30.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 19, 2026Q4 FY26 | — | $16.41 | — | $408.5M | $372.1M | −8.9% | +14.53% |
| Feb 18, 2026Q2 FY26 | — | $0.14 | — | $330.3M | $315.3M | −4.6% | −0.26% |
| Aug 20, 2025Q4 FY25 | — | $0.83 | — | $229.0M | $230.6M | +0.7% | +8.49% |
| Feb 18, 2025Q2 FY25 | — | $0.59 | — | — | $200.0M | — | +1.25% |
Financial highlights
| 12 quarters | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $183.9M | $201.9M | $235.1M | $252.0M | $297.6M | $374.0M | |
| Gross profit | $45.4M | $63.0M | $79.1M | $112.4M | $143.4M | $213.1M | |
| Operating income | $42.6M | $57.1M | $73.0M | −$18.3M | $136.2M | $206.4M | |
| Net income | $18.2M | $45.7M | $60.0M | $78.7M | $113.5M | $142.6M | |
| Diluted EPS | $2.11 | $0.53 | $6.93 | $0.91 | $13.10 | $16.38 | |
| Gross margin | 24.7% | 31.2% | 33.7% | 44.6% | 48.2% | 57.0% | |
| Operating margin | 23.2% | 28.3% | 31.0% | -7.3% | 45.8% | 55.2% |
Balance sheet, Jun 30, 2026Cash & short-term investments $169.9M · Total debt $699.2K · Total assets $1.07B · Shareholders' equity $781.8M
Dividends
Last raised to $0.2955 from $0.23 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 13, 2026 | Mar 13 | Mar 23 | $0.2955 | raised from $0.23 |
| Sep 12, 2025 | Sep 12 | Sep 22 | $0.23 | raised from $0.1654 |
| Mar 14, 2025 | Mar 14 | Mar 27 | $0.1654 | raised from $0.1133 |
| Sep 13, 2024 | Sep 13 | Sep 26 | $0.1133 | raised from $0.1058 |
| Mar 7, 2024 | Mar 8 | Mar 21 | $0.1058 | cut from $0.3463 |
| Sep 14, 2023 | Sep 15 | Sep 28 | $0.3463 | raised from $0.1106 |
| Mar 9, 2023 | Mar 10 | Mar 23 | $0.1106 | cut from $0.238 |
| Sep 22, 2022 | Sep 23 | Oct 6 | $0.238 | raised from $0.1323 |
Ownership
Shares outstanding 86.42M · Float 43.16M · 50.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Acadian Asset Management LLC | 1.85M | 2.14% | 13F | May 13, 2026 |
| Van Eck Associates Corp | 932.3K | 1.08% | 13F | May 15, 2026 |
| BlackRock, Inc. | 778.6K | 0.90% | 13F | May 13, 2026 |
| Arrowstreet Capital, Limited Partnership | 686.6K | 0.79% | 13F | May 14, 2026 |
| Connor, Clark & Lunn Investment Management Ltd. | 659.6K | 0.76% | 13F | May 11, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Harmony Gold Mining Company (ADR)
Large South African gold-tailings retreatment operator
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DRDGOLD (ADR) | $29.15 | +1.29% | $2.49B | 9.5 | — | 3.7 | +61.4% |
| Harmony Gold Mining Company (ADR) | $20.20 | −0.02% | $12.64B | 7.0 | — | 1.9 | +75.9% |
| Median | 7.0 | — | 1.9 | +75.9% |