DRDGOLD Shares Soar 5.84% on Gold Mining Surge

DRDGOLD(DRD) shares surged 5.84% today, marking the third consecutive day of gains, with a cumulative increase of 20.18% over the past three days. The stock price reached its highest level since August 2020, with an intraday gain of 7.61%.

DRDGOLD's stock price has been influenced by several factors. On April 10th, 2025, the stock price increased by 7.62%, rising from $14.17 to $15.25. This suggests positive market sentiment and potential investor interest.

HC Wainwright adjusted their price objective for DRDGOLD shares from $17.25 to $16.25 and maintained a "buy" rating. This indicates confidence in the stock's potential despite the lowered price target.

Gold mining stocks, including DRDGOLD, have seen a surge as investors look for alternatives due to the dropping dollar and sliding U.S. government bonds. This macroeconomic factor is likely influencing DRDGOLD's stock price positively.

DRDGOLD's profitability rating improved from 'D' to 'C' over the past three months, supported by a return on total assets (TTM) of 16.6%, which may contribute to investor confidence and a rise in stock price.

The Zacks Consensus Estimate for DRDGOLD's 2025 earnings is $1.06 per share, showing a year-over-year growth of 29.8%. This positive outlook could be attracting investors and driving the stock price higher.