Gold Fields' Production Surge: Gold Fields Ltd. reported a 22% year-over-year increase in gold production for Q3, reaching approximately 621,000 ounces, largely driven by the ramp-up of the Salares Norte mine in Chile.
Investment Outlook Strengthened: The significant production growth positions Gold Fields favorably to meet annual output targets, enhancing investor confidence and demonstrating effective capital investment strategies.
Peer Performance: AngloGold Ashanti Plc. also saw a 17% increase in production to 768,000 ounces, while DRDGOLD Ltd. achieved a 2% improvement in output despite reduced ore milled, showcasing operational efficiency.
Stock Performance and Valuation: Gold Fields' shares have risen 207.3% year-to-date, with a current price-to-sales ratio of 6.98, indicating a premium over the industry average, and a Zacks Rank of #1 (Strong Buy) for favorable earnings growth prospects.
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Wall Street analysts forecast DRD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRD is 36.25 USD with a low forecast of 36.25 USD and a high forecast of 36.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast DRD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRD is 36.25 USD with a low forecast of 36.25 USD and a high forecast of 36.25 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 38.280
Low
36.25
Averages
36.25
High
36.25
Current: 38.280
Low
36.25
Averages
36.25
High
36.25
H.C. Wainwright
H.C. Wainwright
Buy
upgrade
2025-10-17
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
AI Analysis
2025-10-17
upgrade
Buy
Reason
H.C. Wainwright raised the firm's price target on DRDGold to $36.25 from $30.50 and keeps a Buy rating on the shares following the Q1 production results. The firm believes the company remains on track to meet expectations following its performance this quarter while continuing to benefit from strong metal prices.
H.C. Wainwright
Heiko Ihle
Buy
upgrade
2025-09-23
Reason
H.C. Wainwright
Heiko Ihle
Price Target
2025-09-23
upgrade
Buy
Reason
H.C. Wainwright analyst Heiko Ihle raised the firm's price target on DRDGold to $30.50 from $18.75 and keeps a Buy rating on the shares. The firm cites the potential for extended mine lives at Ergo and the FWGR for the target increase.
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About DRD
DRDGOLD Limited is a South Africa-based gold mining company. The Company is engaged in surface gold tailings retreatment, including exploration, extraction, processing and smelting. The Company’s business includes Far West Gold Recoveries, Ergo, Hot Button Features and Resources and Reserves. Ergo is a surface gold retreatment operation which treats old slime dams and sand dumps to the south of Johannesburg’s central business district as well as the East and Central Rand goldfields. The operation comprises three plants and a solar plant with a BESS. FWGR is a surface gold retreatment operation which treats old slime dams in the West Rand goldfields and is located near Carletonville in South Africa’s Gauteng province. The Ergo and the Knights plant in Germiston, with a combined capacity of 1.8mtpm. The Ergo plant operates as a metallurgical plant and the City Deep and Knights plants as pump/milling stations feeding the Ergo plant.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
