Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Drdgold ( (DRD) ) has issued an announcement.
DRDGOLD Limited reported a significant increase in earnings per share (EPS) and headline earnings per share (HEPS) by 60% to 70% for the six months ended December 31, 2024, compared to the previous corresponding period. This growth is attributed to a 28% increase in group revenue driven by a higher Rand gold price and improved operational efficiencies at its Ergo and Far West Gold Recoveries operations. Despite higher operating costs due to inflation and increased security expenses, the company maintained a robust financial position with no bank debt and substantial cash reserves, bolstered by its solar plant and battery energy storage systems.
More about Drdgold
DRDGOLD Limited is a South African gold producer specializing in the recovery of gold from surface tailings. The company operates primarily in the mining industry with a focus on gold production, leveraging technological advancements to enhance yield and operational efficiency.
YTD Price Performance: 20.62%
Average Trading Volume: 229,648
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $958.2M
For a thorough assessment of DRD stock, go to TipRanks’ Stock Analysis page.
