Extremely important positive changes in investment behavior have recently occurred for DRDGold Ltd (NYSE: DRD): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Significant positive changes in DRDGold Ltd (NYSE: DRD) fundamentals have recently occurred: the consensus estimate for June, 2025 increased significantly, and the consensus estimate for June, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
DRD is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
DRDGold has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. DRDGold has a neutral Power Rating of 48 and a neutral Appreciation Score of 40, leading to the Low Neutral Value Trend Rating.
Recent Price Action
DRDGold Ltd (NYSE: DRD) stock rose slightly by 0.1% on 6/25/24. The stock closed at $8.63. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months but has risen 6.4% during the last week.
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