DRDGOLD Limited (DRD) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Buy

Based on 5 analysts

90.8% Below Target

DRD trades 90.8% below Wall Street's consensus target of $46.50.

Current Price$24.37

Average Target$46.50

Low$46.50

Median$46.50

High$46.50

Analyst Target Range

Forward P/E0.4x

(Value)

PEG Ratio—

Implied Growth-90.1%

(Declining)

Analyst Spread0.0%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$24.37

Consensus$46.50

High$46.50

Low$46.50

Consensus Scenario Assumptions

The base valuation assumes DRD achieves its forward estimates and maintains a stable P/E multiple of 0.4x. This scenario reflects the blended consensus of 5 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 5 published analyst recommendations for DRD

20% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 5 ratings

ConsensusBuy

Coverage5 Analysts

Net Score+20

Bull / Bear60% / 20%

Strong Buy00%

Buy360%

Hold120%

Sell120%

Strong Sell00%

Strong Buy

00%

Buy

360%

Hold

120%

Sell

120%

Strong Sell

00%

Recommendation Mix60% Buy · 20% Hold · 20% Sell

Buy (3)Hold (1)Sell (1)

DRD Price Target Analysis

Updated June 21, 2026

As of June 21, 2026, DRDGOLD Limited (DRD) has a Wall Street consensus price target of $46.50, based on estimates from 5 covering analysts. With the stock currently trading at $24.37, this represents a potential upside of +90.8%. The company has a market capitalization of $2.11B.

Analyst price targets range from a low of $46.50 to a high of $46.50, representing a 0% spread in expectations. The median target of $46.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Buy, with 3 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.

From a valuation perspective, DRD trades at a trailing P/E of 15.4x and forward P/E of 0.4x. Analysts expect EPS to grow -90.1% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $889.39, with bear and bull scenarios of $560.32 and $1171.87 respectively. Model confidence stands at 42/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+63.0%

Industry Consensus

Avg Forward P/E

8.5x

(Value)

Peers with Coverage

9 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
AUAngloGold Ashanti Plc	$45.9B	$90.87	$148.00	+62.9%	Buy	9.0x	14
HMYHarmony Gold Mining Company Limited	$10.6B	$17.01	—	—	Hold	0.3x	10
GFIGold Fields Limited	$34.5B	$38.60	$59.13	+53.2%	Hold	6.9x	18
SBSWSibanye Stillwater Limited	$6.8B	$9.67	$21.40	+121.3%	Hold	0.2x	12
EGOEldorado Gold Corporation	$6.5B	$33.05	$52.67	+59.4%	Hold	8.2x	24
NEMNewmont Corporation	$115.0B	$103.79	$143.33	+38.1%	Buy	10.1x	36
KGCKinross Gold Corporation	$31.9B	$26.67	$45.33	+70.0%	Buy	8.8x	29
IAGIAMGOLD Corporation	$9.9B	$16.88	$29.50	+74.8%	Buy	7.0x	29
AEMAgnico Eagle Mines Limited	$83.5B	$166.66	$248.17	+48.9%	Buy	12.2x	31
WPMWheaton Precious Metals Corp.	$55.7B	$122.57	$170.00	+38.7%	Buy	22.7x	20

DRD — Frequently Asked Questions

Quick answers to the most common questions about buying DRD stock.

What is the DRD stock price target for 2026?

The consensus Wall Street price target for DRD is $46.5, representing 90.8% upside from the current price of $24.37. With 5 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.

Is DRD a buy, sell, or hold?

DRD has a consensus rating of "Buy" based on 5 Wall Street analysts. The rating breakdown is predominantly bullish, with 3 Buy/Strong Buy ratings. The consensus 12-month price target of $46.5 implies 90.8% upside from current levels.

Is DRD stock overvalued or undervalued?

With a forward P/E of 0.4453x, DRD trades at a relatively low valuation. The consensus target of $46.5 implies 90.8% appreciation, suggesting meaningful undervaluation.

How high can DRD stock go?

The most bullish Wall Street analyst has a price target of $46.5 for DRD, while the most conservative target is $46.5. The consensus of $46.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $1172 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover DRD stock?

DRD is moderately covered, with 5 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 1 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the DRD stock forecast?

The 12-month DRD stock forecast based on 5 Wall Street analysts shows a consensus price target of $46.5, with estimates ranging from $46.5 (bear case) to $46.5 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $889, with bear/bull scenarios of $560/$1172.

What is DRD's fair value based on fundamentals?

Our quantitative valuation model calculates DRD's fair value at $889 (base case), with a bear case of $560 and bull case of $1172. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 42/100.

What is DRD's forward P/E ratio?

DRD trades at a forward P/E ratio of 0.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 15.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy DRD stock?

Wall Street analysts are very optimistic on DRD, with a "Buy" consensus rating and $46.5 price target (90.8% upside). 3 of 5 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do DRD price targets vary so much?

DRD analyst price targets range from $46.5 to $46.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $46.5 consensus represents the middle ground. Our model's $560-$1172 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools