DRDGOLD: Why I'm Sticking With My Bullish Outlook [Seeking Alpha]
DRDGOLD Limited American Depositary Shares (DRD)
US:NYSE Investor Relations:
drdgold.com/investors-and-media
Company Research
Source: Seeking Alpha
Play 9min Summary DRDGOLD Limited's stock has delivered mixed returns amid a volatile operating environment. However, numerous inflection points have emerged. Despite experiencing lower production yields, DRDGOLD's full-year results were telling. The company's revenue grew by 14% to approximately $356 million, and its operating income increased in tandem. I hold a bullish view on Gold prices amid U.S. dollar weakness and economic tail risk. Yield normalization and Driefontein 2's expansion might add overlooked value. DRDGOLD's valuation metrics are mixed; while its P/B ratio is high, its EV/EBIT and P/E ratios are below five-year averages, indicating potential value. THEGIFT777/iStock via Getty Images This article examines DRDGOLD Limited (NYSE: DRD as I revise our outlook on the South African surface miner. We last covered DRDGOLD's stock in August 2023, outlining its momentum and diversification advantages. Since our latest coverage, the asset drifted into a tot
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DRD
News
- DRDGOLD Limited to Attend 121 Mining Investment Conference in Dubai [Yahoo! Finance]Yahoo! Finance
- DRDGOLD's (NYSE:DRD) Solid Earnings May Rest On Weak Foundations [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
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