Does Earnings Surprise History Hold Any Clue for DRDGOLD Stock Forecast, Price & News (NYSE:DRD)

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Earnings results for DRDGOLD Stock Forecast, Price & News (NYSE:DRD)

DRDGOLD Limited is estimated to report earnings on 09/01/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date.

Analyst Opinion on DRDGOLD Stock Forecast, Price & News (NYSE:DRD)

1 Wall Street analysts have issued ratings and price targets for DRDGOLD in the last 12 months. Their average twelve-month price target is $11.50, predicting that the stock has a possible downside of 24.09%. The high price target for DRD is $11.50 and the low price target for DRD is $11.50. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

DRDGOLD has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.50, DRDGOLD has a forecasted downside of 24.1% from its current price of $15.15. DRDGOLD has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: DRDGOLD Stock Forecast, Price & News (NYSE:DRD)

DRDGOLD has a dividend yield of 1.45%, which is in the bottom 25% of all stocks that pay dividends. DRDGOLD does not have a long track record of dividend growth. The dividend payout ratio of DRDGOLD is 275.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, DRDGOLD will have a dividend payout ratio of 56.41% next year. This indicates that DRDGOLD will be able to sustain or increase its dividend.

Insiders buying/selling: DRDGOLD Stock Forecast, Price & News (NYSE:DRD)

In the past three months, DRDGOLD insiders have not sold or bought any company stock. Only 1.00% of the stock of DRDGOLD is held by insiders. Only 15.15% of the stock of DRDGOLD is held by institutions.

Earnings and Valuation of DRDGOLD Stock Forecast, Price & News (NYSE:DRD

Earnings for DRDGOLD are expected to decrease by -20.41% in the coming year, from $0.49 to $0.39 per share. The P/E ratio of DRDGOLD is 189.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.09. The P/E ratio of DRDGOLD is 189.38, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 38.20. DRDGOLD has a P/B Ratio of 5.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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