On 7/16/24, DRDGold Ltd (NYSE: DRD) stock enjoyed a major increase of 10.8%, closing at $10.65. Moreover, this advance was accompanied by unusually high trading volume at 180% of normal. The stock has performed in line with the market over the last nine months and has risen 14.5% during the last week.
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 D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. DRDGold has a slightly negative Appreciation Score of 38 and a slightly negative Power Rating of 35, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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