---
title: "DRDGOLD boosts March-quarter profit on higher gold price and improved efficiencies"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285408734.md"
description: "DRDGOLD reported a 6% increase in gold production for the quarter ending March 31, 2026, reaching 1,219 kg, despite a 6% decline in gold sold. Revenue rose 6% to R2.96 billion, driven by a 13% increase in the average rand gold price. Operating profit climbed 19% to R1.85 billion, and adjusted EBITDA grew 21% to R1.81 billion, reflecting improved operational efficiency. Analysts rate DRD stock as a Buy with a price target of $46.50, citing strong financial performance and a bullish price trend."
datetime: "2026-05-06T15:59:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285408734.md)
  - [en](https://longbridge.com/en/news/285408734.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285408734.md)
---

# DRDGOLD boosts March-quarter profit on higher gold price and improved efficiencies

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Drdgold ( (DRD) ) has provided an update.

For the quarter ended 31 March 2026, DRDGOLD increased gold production by 6% to 1,219 kg as ore milled rose 5% and yield improved marginally, although gold sold declined 6% versus the December 2025 quarter. Cost discipline kept cash operating costs per tonne flat in rand terms and slightly lower per kilogram, while all-in sustaining and all-in costs per kilogram fell 5% and 7% respectively, indicating stronger operational efficiency.

Quarterly revenue rose 6% to R2.96 billion, or 11% in U.S. dollar terms, driven mainly by a 13% higher average rand gold price received and an 18% increase in the dollar gold price per ounce. Operating profit climbed 19% to R1.85 billion and adjusted EBITDA grew 21% to R1.81 billion, despite lower sustaining and growth capital spend, underscoring improved profitability and a supportive pricing environment for shareholders and other stakeholders.

The most recent analyst rating on (DRD) stock is a Buy with a $46.50 price target. To see the full list of analyst forecasts on Drdgold stock, see the DRD Stock Forecast page.

**Spark’s Take on DRD Stock**

According to Spark, TipRanks’ AI Analyst, DRD is a Outperform.

The score is driven primarily by strong financial performance (profitability, growth, and very low leverage), supported by a clear bullish price trend. Offsetting factors are stretched technical momentum (RSI/Stochastics) and a relatively high P/E with a modest dividend yield.

To see Spark’s full report on DRD stock, click here.

**More about Drdgold**

DRDGOLD Limited is a South African gold producer focused on the retreatment of surface gold tailings, with shares listed on the JSE, A2X and the NYSE under the ticker DRD. The company operates in the precious metals sector, leveraging large volumes of low-grade ore to generate gold production and is exposed to movements in both the Rand and U.S. dollar gold prices.

**Average Trading Volume:** 298,837

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $2.32B

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