DRDGOLD (ADR) (DRD)
Recovers gold from historic Johannesburg-area tailings through Ergo and FWGR.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 16, 2026 | H.C. Wainwright | Reiterate | Rating: —Target: $46.50 | Target: $35 |
| Jan 30, 2026 | H.C. Wainwright | Target | Target: $36.25 | Target: $46.50 |
| Oct 17, 2025 | H.C. Wainwright | Target | Target: $30.50 | Target: $36.25 |
| Sep 23, 2025 | H.C. Wainwright | Target | Target: $13.25 | Target: $30.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $167.6M · Total debt $689.9K · Total assets $1.06B · Shareholders' equity $771.4M
- Revenue
- $369.0M
- Operating income
- $203.6M
- Net income
- $140.7M
Reported in ZAR, converted at the latest exchange rate
HistoryDividendAnnual yield
| Institutions | 9.24% | 7.99M ADS | |
|---|---|---|---|
| 108 holders · as of Jun 30, 2026 | |||
| Insiders | 0.15% | 125.6K ADS | |
| 7 holders · as of Sep 3, 2026 | |||
| Other | 90.61% | 78.31M ADS | |
| remainder | |||
86.42M ADS (1 ADS = 10 ordinary shares) as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 1.34% | 1.16M ADS | as of Jun 30, 2026 |
Acadian Asset Management LLCInstitution | 0.99% | 858,860 ADS | as of Jun 30, 2026 |
Connor, Clark & Lunn Investment Management Ltd.Institution | 0.82% | 711,999 ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.75% | 649,307 ADS | as of Jun 30, 2026 |
American Century Companies IncInstitution | 0.52% | 446,729 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Kgabo Moloto | officer: General Manager FWGR Ops. | −11,586 | $2.75 |
| Sep 1, 2026 | Dean Lindecke | officer: General Manager Ergo Ops. | −20,060 | $2.75 |
| Sep 1, 2026 | Henry Gouws | officer: Head of Prod., Dir. of Ergo | −16,826 | $2.75 |
| Sep 1, 2026 | Jacobus Schoeman | officer: Chief Operating Officer | −19,403 | $2.75 |
| Sep 1, 2026 | Daniel Pretorius | director, officer: Chief Executive Officer | −35,537 | $2.75 |
- Harmony Gold Mining Company (ADR)
Large South African gold-tailings retreatment operator
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| DRDGOLD (ADR) | $25.41 | −4.22% | $2.29B | 0.9 | — | 3.4 | +61.4% |
| Harmony Gold Mining Company (ADR) | $18.67 | −5.83% | $12.38B | 7.1 | — | 1.9 | +75.9% |
| Median | 7.1 | — | 1.9 | +75.9% |