DRDGOLD's (NYSE:DRD) Solid Earnings May Rest On Weak Foundations [Yahoo! Finance]
DRDGOLD Limited American Depositary Shares (DRD)
US:NYSE Investor Relations:
drdgold.com/investors-and-media
Company Research
Source: Yahoo! Finance
See our latest analysis for DRDGOLD In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow. As a result, a negative accrual ratio is a positive for the company, and a positive accrual ratio is a negative. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to June 2024, DRDGOLD had an accrual ratio of 0.49. As a general rule, that bodes poorly for future profitabili
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DRD
News
- DRDGOLD Limited to Attend 121 Mining Investment Conference in Dubai [Yahoo! Finance]Yahoo! Finance
- DRDGOLD Limited (NYSE: DRD) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $13.25 price target on the stock.MarketBeat
- DRDGold jumps to 52-week high after higher quarterly production, lower costs [Seeking Alpha]Seeking Alpha
- These Precious Metals Stocks Just Hit New 52-Week Highs [Forbes]Forbes
- DRDGOLD Limited's (NYSE:DRD) top owners are public companies with 50% stake, while 26% is held by individual investors [Yahoo! Finance]Yahoo! Finance
DRD
Analyst Actions
- 10/18/24 - HC Wainwright
DRD
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form SC
- 10/30/24 - Form 6-K
- DRD's page on the SEC website